Four Common Reasons Family Wealth Transfers Fail
The United States is in the midst of a massive wealth transfer from Baby Boomers to Gen Xers and Millennials – to the tune of $68 trillion – with Gen Xers set to be the primary beneficiaries of this transfer. With that much money on the line, it’s crucial that the transition of these assets is done thoughtfully, with deliberate and careful planning ahead of time. Regardless of the size of your family’s portfolio, having a smart wealth transfer plan in place should be an essential part of your financial plan. A legacy plan ensures that all of your hard-earned assets […]
