As the baby boomer generation begins reaching the later stages of life, a staggering amount of wealth is set to change hands. Experts estimate that between $40 trillion to $100 trillion will be transferred to younger generations over the next two decades. This seismic financial shift is not just about numbers; it's about families, legacies, and the future of personal wealth. On this episode, Craig and Jennifer tackle the intricacies of this great wealth transfer.

Here's some of what we discuss in this episode:

• Why this transfer of wealth could be so critical to future generations.
• Understanding the rules of inherited IRAs is very important.
• What changed with SECURE Act 2.0?
• Giving an asset like real estate or stock to somebody can create tax issues.
• How cost basis is calculated and why it makes a big difference in tax planning.

Contact Maestro Wealth:

Web: https://maestrowealth.com/

Email: [email protected]

Phone: 336-448-1086