[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.amorusolaw.com\/blog\/planning-for-upcoming-generational-transfers-of-wealth-greenwich-ct-new-york-ny\/#BlogPosting","mainEntityOfPage":"https:\/\/www.amorusolaw.com\/blog\/planning-for-upcoming-generational-transfers-of-wealth-greenwich-ct-new-york-ny\/","headline":"Planning for Upcoming Generational Transfers of Wealth","name":"Planning for Upcoming Generational Transfers of Wealth","description":"Estate planning can help make sure any transfer of wealth goes smoothly. Members of the Baby Boomer generation have made a considerable impact on the country and are about to make another one as they inherit from the previous generation and then pass it on to their children, according to Huffington Post Canada in \u201cEstate […]","datePublished":"2016-08-05","dateModified":"2023-08-06","author":{"@type":"Person","@id":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/#Person","name":"Amoruso & Amoruso LLP","url":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/","identifier":5,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Amoruso & Amoruso LLP","logo":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","width":0,"height":0}},"image":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b01bb092569bc.jpg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b01bb092569bc.jpg","height":600,"width":900},"url":"https:\/\/www.amorusolaw.com\/blog\/planning-for-upcoming-generational-transfers-of-wealth-greenwich-ct-new-york-ny\/","about":["Baby Boomers","Estate Planning","Probate","Will"],"wordCount":240,"keywords":["Baby Boomers","Estate Planning","Probate","Will"],"articleBody":"Estate planning can help make sure any transfer of wealth goes smoothly.Members of the Baby Boomer generation have made a considerable impact on the country and are about to make another one as they inherit from the previous generation and then pass it on to their children, according to Huffington Post Canada in \u201cEstate Planning For A Significant Demographic Shift.\u201dWhile the article is about Canada, the exact same shift is going to occur in the U.S.This demographic shift and the transfer of wealth it will bring makes estate planning more important than it has even been at any previous point in human history. Americans are more prosperous than any other people in history. Billions of dollars\u2019 worth of real estate and financial instruments will be changing hands between generations.Families that have not planned regarding how that generational transfer will occur risk losing a lot of wealth, if not all their wealth, as the legal system sorts out who gets what.Since you know the transfer of wealth will occur, make plans for it. Decide now how your assets will be transferred to your children and other heirs.Contact an estate planning attorney for guidance on this important issue so your loved ones are not left with a mess.Reference: Huffington Post Canada (July 11, 2016) \u201cEstate Planning For A Significant Demographic Shift\u201dFor more information on asset preservation and estate planning, please visit my estate planning website."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/www.amorusolaw.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Planning for Upcoming Generational Transfers of Wealth","item":"https:\/\/www.amorusolaw.com\/blog\/planning-for-upcoming-generational-transfers-of-wealth-greenwich-ct-new-york-ny\/#breadcrumbitem"}]}]