The Pending Wealth Transfer Crash: Why Estate Planning Isn't Working

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The Pending Wealth Transfer Crash: Why Estate Planning Isn't Working

Released on Tuesday, August 18, 2020•ESTATE PLANNING

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We are on the verge of $30 - $68 trillion dollars passing from one generation to the next over the next few decades. As much as 70% of this wealth is lost at each generation, resulting in only 10% reaching generation three. Where does it go? Who gets it? What happens to the family? What can we do about it? Traditional approaches of divide, distribute, and dissipate don't work. Find out what does work and what you can do about it.

Rick Durfee

Durfee Law Group, PLLC, Principal and Founder

Richard Durfee. Jr. (Rick), is the senior attorney at Durfee Law Group, PLLC, and has been practicing law since 1988. Based in Mesa, Arizona, the firm represents clients all over the US for all levels of estate planning, asset protection, business and charitable planning, and probate, from simple wills and trusts to complex dynasty planning for the ultra-wealthy. Mr. Durfee has a unique family-centered approach to planning especially focused on growing and preserving multi-generational tax-efficient wealth, and protecting the family. His motto is "Live Well, Leave a Legacy". To that end, the law firm has a 500-year plan so that families with such dynasty planning can have the legal help they need to thrive for generations to come.