The coming decades will see an unprecedented movement of private wealth from one generation to the next. Estimates suggest that around $124 trillion will be inherited by 2048, as reported by Fortune, creating one of the largest financial transitions in recent history. While much of the discussion has centred on family fortunes and succession planning, attention is increasingly turning towards what this change could mean for philanthropy. Wealth inequality has become a far more visible issue than it was a generation ago, and expectations surrounding charitable giving have changed alongside it.
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