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Wills, Estates & Trusts

May 2, 2025

Trust and estate law booms as wealth transfers increase

Trust and estate law surges with the great wealth transfer of baby boomers, but a shortage of young lawyers as veterans retire creates opportunities and challenges.

Trust and estate law booms as wealth transfers increase
Rachel H. Rosenfeld, president of the East Bay Trusts and Estates Lawyers (EBTEL) association

Trust and estate law is poised to become one of the nation's fastest-growing legal practices as the massive transfer of wealth from aging baby boomers unfolds over the next decade. Yet the profession faces a looming shortage: Few young attorneys are entering the field just as many veteran practitioners are preparing to retire, creating urgent challenges -- and big opportunities -- for the next generation of lawyers.

"Every probate practitioner that I know is incredibly bu...

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