Wills, Estates & Trusts
May 5, 2025
The 'Great Wealth Transfer' meets 'The Great Attorney Shortage'
See more on The 'Great Wealth Transfer' meets 'The Great Attorney Shortage'The $84 trillion Great Wealth Transfer is coming--but too few new lawyers are entering trusts and estates, leaving a talent gap just as demand peaks.
There is a lot of talk in the estate planning and wealth management industry about the Great Wealth Transfer and how we all need to plan for it. In case this is new to you, what it means in blunt terms is that when the Baby Boomer generation dies, their kids are going to get rich. As it works out, with everyone staying healthier and living longer, the Gen X and Y "kids" may be in their 70s by the time this massive generational payout takes place, which means that it may not provi...
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