Coming Soon: The Largest Wealth Transfer in History
Financial planning has never been as critical a discipline as it is today
Analysts expect $16 trillion of ultra high net worth (UHNW) money to be transferred to the next generation, with $6 trillion of that occurring in the next 30 years. Without adequate planning, the ultra wealthy could lose up to half of their fortunes through inheritance taxes. This is why we believe that planning ahead is crucial to ensuring that your wealth is able to be passed on to your loved ones. Identifying goals with your advisor early on regarding wealth transfer and communicating those goals to the next generation can only help put your family in a better position moving forward. Call your Telemus Financial Life Advisor to take the next step.