The Great Wealth Transfer: Planning and Protecting Your Legacy

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RetireCoast has created an extensive guide focusing on The Great Wealth Transfer, detailing how Baby Boomers can protect, prepare, and pass on an estimated $84 trillion in assets to younger generations over the next two decades. It emphasizes the critical need for estate planning, especially in light of the scheduled 2026 federal estate-tax exemption reset, which will reduce the exclusion amount significantly. The guide compares generational perspectives on wealth, highlighting how Boomers prioritize preserving legacy while Millennials and Gen X favor earlier transfers and technology; furthermore, it provides actionable tools and strategies, such as using lifetime gifting and various types of trusts, to minimize taxes and avoid probate. Finally, the text strongly advises readers to organize documents completely before consulting a coordinated team of fiduciary financial advisors, estate planning attorneys, and CPAs to create an effective and legally sound plan.

Check out our full blog article on this topic here

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This podcast is for informational purposes only and does not provide financial, tax, or legal advice. Always consult with a qualified professional before making financial decisions.

Episode Keywords:
Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, monthly living expenses in retirement, retirement budgeting, Medicare and seniors, financial security, retirement planning, Gulf Coast retirement, small business growth.