There’s a lot of chatter about the Great Wealth Transfer — as much as $124 trillion that’s predicted to pass between generations over the next couple of decades. And much of that is likely to end up in the hands of women. If you’re fortunate enough to inherit a windfall, be prepared to be patient.

Stop pricing trusts like products—estate planning is a strategic design process where goals, complexity, and protection drive value far more than upfront cost.

With $124 trillion expected to transfer by 2048, it’s crucial to plan ahead—whether for asset distribution, guardianship, or avoiding family conflicts.

Having a conversation with your parents about their finances can seem like a daunting task. However, it is an essential step in helping to ensure their financial well-being as they get older. Here are some practical tips to help you navigate these discussions.

Getting a will, revocable trust or other document alone won’t accomplish your goals. You need to start with a holistic plan.

The amount you can contribute to a 529 plan depends on the plan’s lifetime contribution limit, which is set by individual states. Most states have a lifetime cap of $350,000 or more. When the value of your account reaches the limit, no more contributions can be made to the account. States typically increase their limit every few years. A plan’s lifetime contribution limit is per beneficiary.

Yes. You can change the beneficiary of a 529 account without penalty if the new beneficiary is a family member of the old beneficiary.

Suppose you have a $3 million brokerage account and a $3 million tax-deferred retirement account. You plan to leave half of your estate to your daughter, a successful attorney, and the other half to charity.