We understand that every family and business has unique goals and circumstances. Our team will work closely with you to develop personalized wealth transfer strategies that align with your objectives.

Our professionals will guide you through the complexities of estate planning, designed for your assets to be distributed according to your wishes. We'll help you establish wills, trusts, and other legal instruments to safeguard your legacy.

Wealth transfer often involves tax considerations. We'll analyze your financial situation to identify opportunities for minimizing estate and gift taxes, allowing you to transfer more of your wealth to your intended beneficiaries.

If you're a business owner, our team can assist with creating a seamless transition plan to ensure the continued success of your business. This includes structuring ownership transfers and management changes.

If philanthropy is important to you, we can help you incorporate charitable giving into your wealth transfer plan. This can provide both financial benefits and the satisfaction of giving back to the community.

We believe that knowledge empowers families and businesses to make informed decisions. Our advisors will educate and guide you through the wealth transfer process, ensuring that all involved parties understand the strategy.

Our strategies focus on maintaining the long-term financial security of your beneficiaries. We'll work to preserve the wealth you transfer to continue to grow and support your loved ones' financial well-being.

Life circumstances change, and your wealth transfer plan should evolve accordingly. Our ongoing reviews and adjustments ensure that your strategy remains aligned with your goals and any changing laws or regulations.

Ultimately, our goal is to provide you with confidence knowing that your wealth transfer plan is well-structured, tax-efficient, and designed to benefit your family or business for generations to come.

Millennials, many of whom were hit by the Great Recession and faced economic challenges, stand to gain the most from this transfer, with projections indicating they could become five times wealthier by 2030.

However, while this wealth transfer holds great potential, a substantial portion of millennials feel unprepared to manage the substantial windfall, raising concerns about its value in today's rapidly changing economy.

A report by New York Life reveals that only 42% of U.S. adults expecting an inheritance feel confident in handling the new wealth. This sentiment is more pronounced among millennials and Gen Zers, with only 21% and 18% respectively feeling very comfortable.

Millennials and Gen Zers have grown up amid financial crises and global uncertainty, which has made them more risk-averse in financial matters compared to previous generations.

Over half of those expecting an inheritance worry that inflation could diminish its value, highlighting the broader impact of inflation even on wealth transfers.

The anticipated inheritance could be life-changing for millennials, who faced challenges such as the Great Recession, student debt, and a challenging job market. It could provide the financial stability needed to achieve milestones like homeownership.

It's important to note that millennials might not receive the amounts they expect. A survey suggests that while 53% of millennials anticipate an inheritance of $350,000 or more, 55% of boomers plan to gift less than $250,000.

Millennials and Gen Zers exhibit greater financial anxiety compared to older generations, which could potentially exacerbate as they age and take on more financial responsibilities.

While millennials have time on their side for long-term financial goals like retirement savings, preparing for the wealth transfer is more pressing. This emphasizes the need for timely financial planning and education.

The Great Wealth Transfer represents a significant financial opportunity, but also a challenge. As millennials navigate this windfall, they must balance their anxiety with the need for proactive preparation to ensure a successful financial transition.

Source: Fortune 2023