Why Wills and Trusts Aren't Enough in the Great Wealth Transfer, From an Attorney Who Knows

A multigenerational family talks with a financial adviser at their dining room table.

In the next two decades, the largest intergenerational wealth shift in history will unfold.

Baby Boomers and the Silent Generation are transferring assets at a pace never before seen. Cerulli Associates estimates that about $84 trillion will change hands in the U.S. through 2045, with $72 trillion flowing to heirs and nearly $12 trillion going to charity.