Great Wealth Transfer
Discover how the great wealth transfer will impact your family's estate planning. Learn strategies to prepare for the largest intergenerational wealth shift ...
How can families prepare for the great wealth transfer without losing wealth to taxes?
Families can explore several estate planning strategies to help preserve wealth during the great wealth transfer. Revocable living trusts can help avoid probate and provide privacy during asset transfers. For larger estates exceeding $15,000,000, families often establish irrevocable trusts or make strategic lifetime gifts using the annual gift exclusion of $19,000 per recipient. Starting estate planning early allows families to take advantage of these tools and potentially reduce the impact of estate taxes on inherited wealth.
