Gifting it Away

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According to Money Magazine, “Indeed, 70% of wealthy families lose their wealth by the second generation, and a stunning 90% by the third, according to the Williams Group wealth consultancy.” Not in the 1% of the population of ultra-affluent? Consider this from CNBC, “Over the next several decades, the biggest and wealthiest generation in U.S. history will transfer roughly $30 trillion in assets to their Gen X and Millennial children.” Even more shocking, “Most of those children will promptly fire their parents’ advisors.”
Want to have control of that money now versus when you pass?
Today, we will give you several options for gifting your assets. And, if you’re on the receiving side, we can help you navigate that as well.
Oh, and last (but not least) … that tax plan? We’ll talk about that too!