Navigating the Great Wealth Transfer: Estate & Tax Strategies

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Navigating the Great Wealth Transfer: Estate & Tax Strategies

An estimated $84 trillion is passing down from Baby Boomers to Gen X and Millennials over the next few decades. Are you and your family fully prepared for the tax and estate implications?

In this episode of Your Financial Compass, host Kristen Oakley is joined by Chris Bulman, Founder of Bulman Wealth Group, and Financial Adviser, Scott Vlahon, to break down what the “Great Wealth Transfer” means for your family’s legacy—and how to protect your assets from unnecessary taxes and legal delays.

Key Takeaways

What is the Great Wealth Transfer? Why $84 trillion shifting generations impacts your retirement and legacy plan.
The 10-Year Inherited IRA Rule: How the SECURE Act 2.0 eliminated the “stretch IRA” and what it means for non-spouse beneficiaries.
Proactive Tax Planning: Utilizing Roth conversions now while tax rates remain historically low to leave tax-free assets to your children.
Estate Planning Pitfalls: Why outdated AB/bypass trusts or putting children on home titles can create severe tax burdens.
Family Wealth Conversations: Strategies for coaching adult children and ensuring a seamless financial transition.

Whether you are planning to pass down your hard-earned assets or expecting an inheritance, proactive planning is essential. Take the complimentary BWG Legacy Readiness Quiz at bwglegacyquiz.com or schedule a Financial Compass Review with Bulman Wealth Group to align your family’s estate strategy.

Past performance is not indicative of future results. The material above has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed, and Bulman Wealth Group makes no representation or warranty as to the accuracy or completeness of the information, which should not be used as the basis of any investment decision. Information contained on third party websites that Bulman Wealth Group may link to is not reviewed in their entirety for accuracy and Bulman Wealth Group assumes no liability for the information contained on these websites. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of writing and are subject to change without notice. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission from Bulman Wealth Group. For more information about Bulman Wealth Group, including our Form ADV brochures, please visit https://adviserinfo.sec.gov and search our firm name.

Bulman Wealth Group is an investment advisory firm registered with the Securities and Exchange Commission (“SEC”) under the Investment Advisers Act of 1940. Registration does not imply a certain level of skill or training. More information is available at https://adviserinfo.sec.gov by searching our firm name. Insurance products and services are offered through BWG Insurance Agency, CA State Insurance License #0M46922. Bulman Wealth Group and BWG Insurance Agency are not affiliated with or endorsed by the Social Security Administration or any other government agency.

This has been provided for informational purposes only and is not intended as legal, tax, or investment advice, or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.

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Navigating the Great Wealth Transfer: Estate & Tax Strategies

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