$84 trillion is set to change hands, and countless families are less prepared than they may think. We talk through the Great Wealth Transfer and a real question behind it: will your family inherit wealth, or inherit problems that cost time, money, and relationships?

We start with why money conversations may feel taboo and how that silence can turn into “deer in the headlights” moments when a parent passes or becomes incapacitated. From there, we break down the estate planning essentials that keep your wishes in control: having a will, deciding when a trust makes sense, and putting powers of attorney and healthcare directives in place before it is too late. We also explain why beneficiary designations on retirement accounts, brokerage accounts, and life insurance can override a will, making outdated forms one of the most potentially expensive mistakes families can make.

Then we get into the tax landmines. Inherited IRAs are not automatically tax free, and the SECURE Act 10-year rule can force big distributions right when you are in your highest earning years. We cover how step-up in basis works for taxable brokerage accounts, why account type matters, and how proactive tax planning like Roth conversions may reduce the burden you pass on to your kids.

If you want a clear, practical checklist for legacy planning, estate planning, and inheritance tax planning, press play. Subscribe, share this with a family member, and leave a review with the one topic you want us to tackle next.

Sources:
https://www.salesglobe.com/the-great-generational-wealth-transfer/

https://www.comerica.com/insights/wealth-management/wealth-preservation/great-wealth-transfer.html

https://s3.us-east-1.amazonaws.com/cerulli-website-assets/documents/White-Papers/2025/Cerulli-White-Paper_Unpacking-the-Great-Wealth-Transfer.pdf

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Disclosure: Information contained in this podcast is for entertainment and informational purposes only, and should not be considered as financial advice. Financial Planning and Advisory Services are offered through Prosperity Capital Advisors (“PCA”), an SEC registered investment adviser. Registration as an investment adviser does not imply a certain level of skill or training. Keystone Financial Group and PCA are separate, non- affiliated entities. PCA does not provide tax or legal advice.