A historic intergenerational wealth transfer of approximately $105 trillion is set to occur in the United States over the next 25 years, according to Cerulli Associates. This staggering amount is comparable to the global GDP for 2023, yet most Americans are expected to inherit little from this windfall.
Women now represent 13% of the world's billionaires, with 431 individuals among 3,323 total. A significant portion of their wealth comes from inheritance, with 75% inheriting some wealth, compared to only 5% of men. Female billionaires focus more on philanthropy, with 71% citing it as a hobby, and they tend to have different financial portfolios, favoring private holdings and liquid assets over stocks.
The great wealth transfer is set to shift an estimated $84 trillion by 2045, primarily to Gen X and millennial heirs. Experts emphasize the importance of estate planning, including wills and trusts, to ensure financial values are passed on effectively. With the lifetime estate and gift tax exemption rising to $13.99 million for individuals in 2025, families are urged to prepare, as future changes in legislation remain uncertain.
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