Note From the Editor: June 2024Note From the Editor: June 2024
Editor in Chief Susan R. Lipp weighs in on the contents of this month's issue.
One topic that often comes up when I speak with estate-planning practitioners is the great wealth transfer that’s underway in the United States, as Baby Boomers die and leave their substantial wealth to the next generation. The amounts that will be passed along have been estimated to be in the trillions. What’s the younger generation doing with such new-found wealth? Some are entrepreneurs, who started businesses that have become successful and created even more wealth. But, according to Paulina Mejia and Michael S. Arlein in their article, “Playbook for Advising Young High-Net-Worth Entrepreneurs,”
p. 32, these professionals often aren’t prioritizing income and estate tax planning. Estate planners and financial advisors can work togethe...
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