As trillions of dollars shift hands over the next two decades, the question isn’t whether your wealth will transfer — it’s how. In this episode of Retirement Roadmap, Mark and Evan break down The Great Wealth Transfer—the unprecedented movement of assets from today’s retirees to their heirs—and show how to turn this generational shift into a thoughtful, tax-efficient family strategy.
Drawing from decades of real-world advisory experience, Mark and Evan explain why successful wealth transfers require more than a will or a trust. They unpack the key differences between estate distribution and beneficiary coordination, how taxes and timing can dramatically impact what your heirs receive, and the family conversations that prevent conflict before it starts. You’ll learn practical steps for reviewing beneficiary designations, reducing lifetime taxes through Roth conversions, protecting heirs with trust planning, and aligning your estate documents with your broader retirement goals.
The reality is sobering: poor coordination can lead to avoidable taxes, delays, and disputes that undermine decades of careful saving. Mark and Evan share the most common pitfalls they see—out-of-date documents, mismatched beneficiaries, and missed opportunities for tax-smart wealth transfer—along with a clear roadmap for keeping your plan current as laws and life evolve.
The takeaway? Don’t let your legacy be decided by chance. With proactive planning and open communication, you can preserve more of what you’ve built and ensure it’s passed on with purpose.
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Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. The aforementioned are affiliated companies.
