The Greatest Wealth Transfer in History Underway - What's Your Plan?

A new study from the Boston College Center on Wealth and Philanthropy shows that the greatest wealth transfer in history is currently underway, with more than $59 trillion passing to heirs, charities and Uncle Sam between now and 2061. The majority of this wealth -- $36 trillion -- is being passed directly to heirs and another sizeable chunk -- $27 trillion - will be passed to charity, either through final estate bequest or total lifetime gifts.

And even though the study notes that the transfer of $59 trillion is the largest in history, it estimates that the final figure will likely be much higher than that.

So what is your plan for either transferring or receiving inherited wealth?

If you don't have one - and far too many of you don't - we encourage you to start planning now, since in our view your estate plan is more of a process than a static document. Our relationship with our clients continues long after your estate planning documents have been signed.

As your life changes and your family grows, you will find that our legacy planning will play an important role in how you choose to transfer wealth to future generations. We keep all your estate planning documents accessible to you in an electronic file, and schedule timely reviews so that we can furnish you with three very important services:

1. We ensure that all your assets are owned correctly so your family isn't stuck dealing with an expensive, unnecessary, and public Court process. Establishing a Trust once and then never looking at it again isn't the answer -- regular updating and assurance that all your assets are documented and owned properly is.

2. We make sure that the guardians you have named for your minor children, the trustees you have chosen to carry out the terms of your trust, and the agents you designate to make health care decisions for you in case you cannot make them yourself are still the people you want in charge.

3. We help you record your values, experiences, family history and other important intangibles you want to pass on to future generations so they are never lost. Our estate plans cover far more than just your money, focusing on what matters most -- your values, insights, stories and experience. The things most often lost when someone dies.

Call our office today at (404) 267-1377 to schedule a time for us to sit down and help you look at what would happen now if something were to happen to you and ensure everything passes to your loved ones in the way you want.

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Legal Disclaimer: This website is a public resource of general information concerning our law firm, and it is not intended to be legal advice. Use of this website does not create an attorney-client relationship between you and The Anderson Law Practice, LLC. You should not act upon the information within this website without seeking advice from a lawyer. The Anderson Law Practice, LLC expressly disclaims all liability in respect to actions taken or not taken based on any or all of the contents of this site. Nothing on this website creates or establishes an attorney-client relationship. Please do not send any confidential information to us until and unless an attorney-client relationship has been formally established. Unless you have received such written confirmation, we will not consider any correspondence you send us as confidential. Because your situation is unique, you should consult an attorney for individual advice regarding your own situation.

The Anderson Law Practice, LLC
3355 Lenox Road, Suite 750 (l0th Floor)
Atlanta, Georgia 30326
Phone: (404) 267-1377
Fax: (866) 573-8510
Office Hours:  Monday - Friday 8:30am - 5:30pm
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We are an estate planning, probate and elder law firm serving all of Georgia, including Atlanta, Decatur, Smryna, Vinings, Riverdale,  Marietta, Conyers, Covington, McDonough, Dunwoody, Sandy Springs, Lithonia, Roswell, Alpharetta, Douglasville, Snellville, Acworth, Austell, Buford, Cumming, Hiram, Woodstock, Stockbridge, Stone Mountain, Morrow, Union City, Lithia Springs, Lawrenceville, Peachtree City, Jonesboro, Duluth, Suwanee, Powder Springs, Kennesaw, Athens and Washington.  We serve families in Fulton, DeKalb, Gwinnett, Henry, Cherokee, Cobb, Clayton, Bartow, Rockdale, Newton, Newnan, Douglas, Fayette, Coweta, Barrow, Clarke  and Wilkes counties.