The $124 Trillion Wealth Transfer: A 6th-Gen Wealth Manager’s Blueprint to Protect Your Legacy
A $124 trillion U.S. wealth transfer is underway through 2048, and most families are unprepared for the legacy blind spots that can quietly destroy generational wealth. Andrea Baumann Lustig — a sixth-generation wealth manager whose family has been in the business since 1815 — joins us to explain why accumulating wealth and transferring it require completely different skill sets, and shares the planning framework she lays out in her new book.
Topics covered:
• The three phases of wealth: accumulation, retirement spending, and transfer — and why most families miss the third
• Asset allocation vs. asset location: where to hold volatile equities for the lowest tax drag
• How to vet a financial adviser, including fiduciary status and dual-registration risks
• Family governance: mission statements, family meetings, and why open conversations beat surprise inheritances
• Tax-aware philanthropy with qualified charitable distributions, donor-advised funds, and trusts
• Why “good returns, good documents, and good intentions” aren’t enough to preserve a legacy
Andrea Baumann Lustig, author of Legacy on the Line: Overcoming Blind Spots to Grow and Transfer Your Wealth, joins Robert Brokamp for this interview.
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