What is Intergenerational Wealth Transfer
Intergenerational Wealth Transfer refers to the process of passing assets from one generation to the next within a family. This often involves strategic estate planning and tax considerations to ensure the efficient and effective transfer of wealth, preserving family legacy and financial stability.
Key considerations in Intergenerational Wealth Transfer
Key considerations include understanding tax implications, establishing trusts, creating wills, and engaging in philanthropic activities. Effective communication and planning are essential to align family values and goals across generations.
