The Great Wealth Transfer

$84 trillion is expected to change hands over the next 20 years. The question is: Is your family prepared?Season 2, Episode 4: The largest transfer of wealth in history is already underway.Over the next two decades, an estimated $84 trillion is expected to pass from Baby Boomers to younger generations. Yet many families have never discussed how those assets will be transferred, who will inherit them, or the tax and planning considerations that come with them.In this episode of The Finance Things in Life, Matt and Anthony Pitti explore the realities of The Great Wealth Transfer and discuss practical steps families can take now to prepare.Topics include:• Why estate planning conversations should happen sooner rather than later• Updating wills, trusts, and beneficiary designations• Tax considerations for inherited IRAs and retirement accounts• Strategies for charitable giving and legacy planning• Common mistakes families make when transferring wealth• How trusts can help protect and manage inherited assets• What heirs should know before receiving an inheritance• The importance of involving financial, legal, and tax professionals in the planning processWhether you're planning to leave a legacy or expect to inherit assets in the future, this conversation offers valuable insights to help you navigate one of the most significant financial events of your lifetime.For more information and resources, visit The Pitti Group.#TheGreatWealthTransfer #EstatePlanning #InheritancePlanning #FinancialPlanning #RetirementPlanning #WealthManagement #ThePittiGroup #PersonalFinance #LegacyPlanning #financialeducation Disclosures:The Pitti Group Wealth Management, LLC (“The Pitti Group”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where The Pitti Group and its representatives are properly licensed or exempt from licensure.This information is general in nature and should not be considered tax advice. Investors should consult with a qualified tax consultant as to their particular situation.The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.