From now until 2045, an estimated $124 trillion in assets is expected to change hands in the Great Wealth Transfer, primarily passing from Baby Boomers to younger.
“The Great Wealth Transfer is no longer a distant forecast — it’s happening right now,” said Julian Movsesian, president and CEO of Succession Capital Alliance.
This unprecedented movement of wealth will affect each generation differently, from how they receive a distribution of assets to how they strategize their death benefit options. As financial professionals, it’s essential to understand that these generational nuances are important to helping clients of different ages protect assets, reduce tax burdens, and align their financial goals. ARTICLE