Estate Planning for the Next Generation

The biggest wealth transfer in modern history is expected to occur over the next twenty years. How are financial advisors prepared to meet the challenge of discussing prior generations’ estate planning documents and goals? Financial advisors have an opportunity to invest in their relationships with their current clients by exploring timely estate planning strategies, integrating the entire family into wealth transfer conversations, and engaging the next and future generations in their own estate planning. In this session, we will discuss: 

1) Estate planning strategies for current clients with implications for the next generation, including fiduciary appointments, powers of appointment, incapacity planning, and business succession planning.

2) Best practices for discussing estate planning among multiple generations, such as family meetings, letters of instruction, and financial advisor succession planning.

3) Developing timely estate planning strategies for successive generations, given estate planning for prior generations and based on independent wishes and goals.

Learning Objectives

• Describe estate planning strategies that impact successive generations
• Apply best practices for discussing estate planning among multiple generations
• Evaluate how to develop integrated estate planning strategies for successive generations