May 21, 2024
![WorthingtonGettyImages-1351010444.jpg WorthingtonGettyImages-1351010444.jpg](https://eu-images.contentstack.com/v3/assets/bltabaa95ef14172c61/blt058e79f05f3452f9/6734c449cb8a7f719960023d/WorthingtonGettyImages-1351010444.jpg?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
Between 2023 and 2045, it’s predicted that $84 trillion in assets will be passed down to Millennials and Generation X from their Baby Boomer parents through generational and multigenerational planning.1 A multi-disciplined, multigenerational planning approach will be critical to provide a bridge for high-net-worth (HNW) families to provide long-term legacy and family governance solutions. The estate tax is voluntary in the United States because of the unlimited charitable deduction. Charitable, multigenerational, governance and insurance planning work hand-in-hand, providing those solutions. Professionals need to understand the rules that help make multigenerational planning solutions more elegant and efficient from a tax, business and c...
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