Millennials stand to benefit from the Great Wealth Transfer, but some are feeling anxious about their inheritance

This much is true for the long-expected great wealth transfer, wherein a hefty sum of $84.4 trillion dollars is expected to move to younger hands by 2045 , per a report from Cerulli Associates. Most of those funds, $72.6 trillion, are to be gifted to heirs, with $11.6 trillion going to charity. Boomers are projected to give away the bulk of this fortune, at around 63%. Gen Xers are predicted to inherit the most, followed closely by millennials, and then Gen Zers, according to Merrill Lynch. 

Younger generations, in a particular economic bind as they navigate student loans, a volatile housing market, and years of inflation, stand to gain the most from this transfer. And affluent millennials might make more than anyone else, as the cohort is predicted to be the “richest generation in history” after this transfer, according to real estate consultancy Knight Frank.

But even if younger generations are awaiting money, some are starting to feel a bit ambivalent about its impending arrival. Most Americans (72%) report feeling that they don’t have enough financial confidence to manage a large influx of money by themselves, according to a Citizens Bank survey of 1,500 U.S. adults. 

“Our findings reveal a significant gap in preparedness among many families, including millennials, who lack confidence in managing substantial financial windfalls,” Brendan Coughlin, vice chair and head of consumer banking for Citizens, tells Fortune. He adds that millennials in particular should consider their long-term financial goals and familiarize themselves with fundamentals of finances like investing and budgeting so they can make informed choices about their potential inheritance.

Of course, there’s a story of inequality at play, as not all boomers are wealthy. Many struggle to afford retirement and fear outliving their savings. A large portion of the wealth transfer — $35.8 trillion or 42% —  is projected to come from extremely wealthy individuals that make up just 1.5% of households, per Cerulli Associates. 

Even so, the few that get an inheritance are unsure of how to handle their new net worth. While most Americans would turn to an advisor in the…