Plan Your Wealth Transfer Now
According to the Wall Street Journal (Jan. 15th, 2026) Gen Xers and Millennials are expected to inherit trillions of dollars over the coming decade. The wealthiest population segment, Baby Boomers, will turn 80 this year. By some estimates, this group’s combined net worth is approximately $80 trillion (Investopedia) which is expected to be inherited by the year 2045. A truly mind-boggling amount! Below is a chart showing estimates for the next 10 years:
Question: Have you planned how to transfer your wealth to the next generation(s)? Do you know what tax impact your loved ones may face based on the size of your estate? Is it your intention to make a positive impact on society by naming certain charities that areimportant to you as beneficiaries? The estate tax has been a political football for several decades. In the past 25+ years the size of estate subject to estate tax has fluctuatedbetween $600,000 and unlimited (in 2010). Currently the number stands at $15 million for 2026 per taxpayer. If a large portion of your assets are tied up in illiquid assets (businesses, real estate, collectibles, etc.) your family may be forced to sell at unfavorable prices in order to pay the tax which is generally due 9 months after death. At Total View Advisors, we work with your tax and estate experts to help you design a wealth transfer strategy that accomplishes your wishes and may reduce your family’s tax liability.
The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Prior to making any investment decision, please consult with your financial advisor about your individual situation. Any opinions are those of the author, and not necessarily those of Raymond James. Investing involves risk and you may incur a profit or loss regardless of the strategy selected. Raymond James and its advisors do not offer tax or legal advice, please consult your tax or legal professional.
This article was written by Gus Vega, CERTIFIED FINANCIAL PLANNER® professional, Total View Advisors and Branch Manager with RJFS and Danny Brea, CERTIFIED FINANCIAL PLANNER® professional, Total View Advisors and Financial Advisor with RJFS. They can be reached at 786.264.4954, 9155 S. Dadeland Blvd. # 1404, Miami, FL 33156. Total View Advisors is not a registered broker dealer and is independent of Raymond James Financial Services, Inc. Securities offered through Raymond James Financial Services, Inc., member FINRA / SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.