Wills, Estates & Trusts
Jul. 26, 2024
Generational wealth and ensuring a lasting legacy
The “Great Wealth Transfer” is estimated to transfer trillions of dollars from one generation to the next within 20 years. Estate planning is crucial to protect hard-earned assets and ensure a smooth transfer.
Megan A. Moghtaderi
Principal, Offit Kurman, Attorneys at Law
Generational wealth and ensuring a lasting legacy
The “Great Wealth Transfer” is upon us, with trillions of dollars estimated to pass from one generation to the next within 20 years. Cerulli Associates projects that through 2045 $84.4 trillion will change hands, with $72.6 trillion going to heirs, and the rest going to charities. Baby Boomers will be passing down their assets to Gen X, millennials, as well as Gen Z, creating an incredible ...
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