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
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