01/14/2025
By 2030, women are expected to control much of the $30 trillion in financial assets that Baby Boomers will possess—a wealth transfer that’s been called “the power shift of the century.”
An Action Plan for Women
Whether you’re giving or receiving, it’s important to start the conversation now. Open the dialogue about inheritance with your family so you can plan for the future. Don’t wait until it’s too late to make key decisions that will have a big impact later. Below are four more steps to take:
1. Educate yourself.
Understanding the basics of investing, tax implications and estate planning isn’t just for the ultra-wealthy. It’s for every woman who wants to secure her family’s financial future.
2. Think beyond personal gain.
Consider how you can use inherited wealth to create lasting change whether through philanthropy, impact investing, entrepreneurship or supporting other women in business.
3. Get professional help.
Seek out financial advisors, lawyers, and groups that specialize in women’s wealth management. Get help to navigate the complexities of inheritance tax, estate planning and strategic investing.
4. Prepare the next generation.
If you’re on the giving end, start educating your daughters, nieces and granddaughters about wealth management now. Walk through how you’ve managed your savings, investments and resources. Now’s the time to be a great coach ensuring that you hand the baton to your female relatives smoothly and powerfully.
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