There’s a lot of buzz about The Great Wealth Transfer—an estimated $84 trillion expected to pass from older generations to their children and grandchildren over the next two decades.

 

Sounds exciting—a massive shift in family wealth. But here’s the thing: this wealth transfer could quickly turn into a chaotic, expensive mess without a plan.

 

At Bellomo & Associates, we want to ensure your family is on the right side of this story—prepared, protected, and at peace.

 

Big Dreams, No Documents

A recent survey showed that while 82% of Americans know estate planning is important, only 31% have a will… and just 11% have a trust. Even more troubling, over half have zero documents in place—no power of attorney, healthcare directive, or anything else.

 

That means a lot of families could be in for a tough time if a loved one gets sick or passes away without a plan.

 

What Happens Without a Plan?

Let’s paint the picture: someone passes away with no estate plan. What happens next?

• The family heads to probate court.

• Legal fees start piling up.

• The process drags on for months (or longer).

• Tensions rise, and sometimes, so do family disputes.

• Creditors and taxes swoop in, taking a big chunk of what was meant to be passed down.

That’s not the legacy most of us hope to leave.

 

But the Good News? It’s All Preventable

An estate plan doesn’t have to be complicated or reserved for the ultra-wealthy. Even a basic plan—a will with powers of attorney—can spare your loved ones from stress.

 

Want to skip probate entirely? A properly funded trust might be your best bet. Just remember: a trust is only effective if you fund it. Too many families create a beautiful trust but forget to retitle their assets… and the result? Right back in court.

 

You Don’t Need to Be Rich to Plan Well

The same rule applies whether you’re passing down a modest home or a sizable portfolio: if you care about what happens to your stuff and your people, you need a plan.

 

And with potential changes to tax laws coming in 2025, now is the time to act, especially for families with significant assets.

 

Let’s Make Sure Your Family Is Protected

You don’t need a crystal ball to see what’s coming. If you’ve been putting off your estate planning, this is your nudge. Let’s make sure your family is cared for, your legacy is honored, and your plan is solid.

 

👉 Register for a Workshop and take that first step toward peace of mind.