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After more than 20 years of commentators heralding the largest intergenerational transfer of wealth in the history of the world, it appears that the disappointing start to the transfer that was first announced in 19981 has finally ended, and the much vaunted transfer is now accelerating at a pace that isn’t expected to peak until the mid-2040s.
While the ramifications of this ongoing transfer will be broad and deep in the macro world of financial and estate planning, let’s focus on aspects of the expected impact of the wealth transfer on philanthropy in coming years. It may be time for professional advisors to reconsider how they may best serve their philanthropically inclined individual and organizational clients in ways that are most ef...
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