This article by success.com discusses the significant wealth transfer expected from baby boomers to younger generations, raising issues around inheritance planning.

The Great Wealth Transfer involves trillions moving from baby boomers to millennials and Gen Z, affecting the economy. Financial adviser Sofia Cianciulli emphasizes planning for tax-efficient wealth transfer. However, expectations often do not align with reality. Inheritance can create emotional tension within families, especially when wills are disputed.

Grief psychologist Bêne Otto advocates open conversations about wills to prevent misunderstandings. Cianciulli suggests including life insurance, debts, and asset distributions. Families can mitigate disputes by discussing everyone’s inheritance intentions. These conversations foster connection and clarity, easing the emotional burden during times of loss.