Everyone’s talking about The Great Wealth Transfer—the $84 trillion expected to move from older generations to their heirs over the next two decades. Sounds like a massive win for the next generation, right?
Not so fast.
Without proper planning, that money could vanish into court fees, taxes, or bitter family feuds faster than you can say “probate.” At Norton Estate Planning & Elder Law Firm, we help make sure that’s not your family’s story.
Big Dreams, No Documents
According to a recent Trust & Will survey, 82% of Americans agree that estate planning is important… but only 31% have a will. Even worse? Only 11% have a trust. And more than half have nothing—no will, no power of attorney, not even a healthcare directive. Zip.
That’s like heading into a storm without an umbrella. Things are gonna get messy.
The Real Cost of Doing Nothing
If you pass away without a plan, your family could be stuck:
- Hiring lawyers to deal with probate
- Waiting months (or years) to access your assets
- Paying thousands in legal fees
- Watching assets get gobbled up by creditors or taxes
- Enduring emotional stress when they’re already grieving
That’s not exactly the legacy you had in mind.
Good News: This Mess Is 100% Avoidable
A simple estate plan—a will, powers of attorney, and maybe a trust—can prevent 90% of these headaches. But here’s the secret sauce: a trust only works if it’s funded. That means retitling your assets and making sure everything’s properly coordinated. Otherwise, it’s just a really expensive paperweight.
Estate Planning Isn’t Just for Millionaires
You don’t need to be rolling in dough to justify a plan. Modest estates, family homes, and even sentimental heirlooms deserve protection. And if you are part of a family with significant assets? All the more reason to get moving—especially with estate tax laws potentially changing in 2025.
Don’t Leave a Mess—Leave a Legacy
Whether you’re leaving behind a mansion or a memory box, the question is the same: Do you have a plan?
If not, let’s fix that.
At Norton Estate Planning & Elder Law Firm, we create personalized plans that keep your family protected and out of court. You’ve worked hard for what you have—let’s make sure it lands in the right hands.
👉 Request a free consultation and get your plan in place before this wealth transfer becomes a wealth disaster.
