In the next thirty years, it is estimated that over $16 trillion will be transferred to a younger generation as the ultra-high net worth individuals (those with wealth in excess of $30 million in assets) pass their wealth on to their children. Of this wealth, at least $6 trillion is expected to occur in the U.S. Most of those passing on their wealth will be first generation, or self-made individuals, or those that have little or no experience with wealth succession planning. Without adequate planning, up to half of these fortunes may be captured by inheritance taxes, as estate taxes can be as high as 50% in some developed nations. Source: Wealth-X and NFP Family Wealth Transfers Report.
The Largest Wealth Transfer In History Is About To Begin
