Baby boomers expecting a bequest from their parents, estimated between $10 trillion to $30 trillion, are in for a harsh wakeup. Thanks to health care advances, the elderly are living longer these days, which necessitates the money that may have been earmarked for inheritance. According to Allianz Life, only 20% of people past the age of 72 believe they have a duty to leave their children money. Individuals have reduced their wealth transfer expectations by 19%, according to the Center for the Study of Aging. Boomers relying on a gift from mom and dad could be in for an even greater shock if their parents end up asking them for help financially or personal care assistance.