wealth transfer
Passing down money
Wealth transfer is the movement of assets from one party to another, typically between generations.
Estate planning, trusts, and inheritance are common mechanisms: The greatest wealth transfer in history will occur as baby boomers pass assets to their children.
The term also describes policies that redistribute resources between economic classes, often used critically by those who oppose such measures.
- probateWill validation proceedings
- estate planningPreparing asset distribution posthumously
- living trustModifiable estate planning document
- bequestGift left by will
- legacyWhat's passed down
dowry · inheritance · taxation · endowments · donation · gifting · succession planning · estate tax · reparations · trust fund · trust fund baby · charitable giving · patrimony · trusts · new money · foundations · pension funds · gift tax
- estate planningexecutor, trust, beneficiary, will, probate
- reallocationsland redistribution
- redistributionredistribution, progressive tax, estate tax, inheritance tax, universal basic income
- Wealth Managementtrusts, wills, estate tax, inheritance, tax planning
- Generational issuesbaby boomers, Gen X, millennials, Gen Z, parenting styles
- Prosperity Gospelprosperity gospel, televangelist, televangelism, megachurch, seed money
wealth transferwealth creation
Generating lasting financial gains
value creation · earning · productive labor · entrepreneurship · income generation