Reported 21 days ago
High-net-worth individuals are increasingly focused on estate planning as they prepare to pass wealth to younger generations, particularly Gen X and Millennials, who may invest differently than their predecessors. With significant tax exemptions currently in place, the upcoming wealth transfer is expected to involve $84 trillion over the next two decades. Experts emphasize the importance of open communication among family members regarding financial expectations and legacy planning to avoid confusion and ensure a smooth transition of assets.
Source: YAHOO