CNBC.com | NOV 16, 2018
Great Wealth Transfer
$68 Trillion
Within the next two decades, an estimated $68 Trillion USD will transfer from one generation to the next. Perhaps that doesn’t sound like a problem. But it is —a very real, deeply complex and multifaceted one— with enormous fiscal and logistical impact on individuals and industries alike: at all levels of the process and in all roles across the value chain. Even while facing the greatest wealth transfer in human history, people remain woefully unprepared to distribute their estates. Relying on current —wholly unsustainable— models could cost beneficiaries large portions of their rightful inheritance.
Learn MoreUnanticipated Challenges
Beneficiaries face numerous unanticipated challenges while at their most vulnerable. Ambiguous documentation can lead to costly disputes that have been known to drag out for years and tear families apart.
- No plans can be located
- Multiple versions, different dates
- Differing jurisdictional requirements and processes
- Predatory business practices
- Tax/Government Intervention
- Lost or damaged documents and vital records
- Lengthy Probate periods
- Competing interests
- Cross-jurisdictional issues
- Challenges / arguments
- State holds on assets
- Questionable Executor decisions
- Many more based on individual circumstances
Real Beneficiaries Speak Out
identities altered for privacy
Unknown Arrangements + Wishes
We had no idea our Grandmother had planned —and pre-paid for— her own funeral. By the time we found out, it was too late. We'd already spent thousands. Worst of all, was discovering the services that we held for her bore little resemblance to what she actually wanted.
Unknown Passwords + Accounts
Trying to unlock Dad's devices and figure out his passwords. It felt so creepy trying to unlock Dad's devices and figure out his passwords. It felt so creepy trying to unlock Dad's devices and figure out his passwords. It felt so creepy trying to unlock Dad's devices and figure out his passwords.
Predatory Practices
Became a fulltime job trying to protect my grieving mother from ... hard sell vulture-like predatory practices ... preying on vulnerable, often elderly, survivors while in mourning ... shameful. Don't let this happen to you.
Nine Trips To The DMV
Nine trips to the DMV. Hard lessons learned. What I wish I'd Known. Nine trips to the DMV. Hard lessons learned. What I wish I'd Known. Nine trips to the DMV. Hard lessons learned. What I wish I'd Known.
Story Title
None of us had ever ... how were we supposed to know... in our family, we just didn't talk about things... what i wish we'd done differently. Such a mess. So much stress. Here's what happened. Don't let it happen to you.