Episode 15: Baby Boomers and The Great Wealth Transfer

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Episode 15: Baby Boomers & The Great Wealth Transfer



In this episode of The Accountant That Builds, Shannon Smit delves into the "Great Wealth Transfer" set to occur as Baby Boomers pass down an estimated $84 trillion to the next generation. Shannon explores the challenges and opportunities this massive transfer brings, including tax implications on inherited superannuation, the importance of estate planning, and how tools like testamentary trusts can protect family wealth from divorce settlements and creditors. The discussion also covers the evolving role of investment bonds as a tax-efficient strategy for multi-generational wealth transfer.

Whether you're a Baby Boomer or someone preparing to receive an inheritance, this episode provides invaluable insights into how to effectively plan and preserve wealth across generations. Shannon offers practical advice on financial gifts, lending for home purchases, and ensuring your family’s financial security. We hope you enjoy this episode and come away with actionable tips to safeguard your wealth and create a lasting legacy.

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