The Great Wealth Transfer Is Coming — Are Women Prepared?

Over the next two decades, an estimated $105 trillion in wealth is expected to change hands in what financial experts call the Great Wealth Transfer - the largest movement of wealth from one generation to the next in history. This transfer is unique not only because of its size, but also because women are positioned to control the majority of this wealth. 

Why Women?  

Women often experience two major wealth transfer events in their lifetimes: first, inheriting from their parents, and later, due to longer life expectancies, inheriting from their spouses. This double inheritance means women will play an increasingly central role in managing and preserving family wealth. 

But Many Women Are Not Prepared to Take on This Responsibility

UBS’s Own Your Worth report reveals that most women who have already gone through wealth transfers report feeling unprepared for the financial and emotional challenges involved. Even more concerning, women expecting future inheritances anticipate similar difficulties. 

Here’s what the report uncovered: 

• Nearly one-third of women who inherited from their parents had no prior conversations about the wealth transfer. 

  
  

• Around 40% received inheritances without any formal estate plan in place.

• As a result, 80% faced challenges during the process — from unexpected taxes to delays in receiving assets. 

  
  

• Widows also struggle: 83% encountered difficulties taking control of household wealth after their spouse’s passing, often without knowing where all assets were or how to access them.  This is a growing problem due to the increased likelihood that assets are held digitally only vs. using paper statements. 

  
  

• The next generation feels equally unprepared, with many unaware of their parents’ estate plans, location of important documents, or the identity of family assets. 

How to Prepare 

The keys for women to navigating the Great Wealth Transfer successfully is awareness, proactive planning and open communication. At Fiffik Law Group, we help women prepare for this transition by guiding them through every step of the estate planning process: 

1. Start the Conversation 

We encourage families to openly discuss their assets, inheritance expectations, and future plans well before transfers occur. 

2. Create a Tailored Estate Plan  

Our attorneys draft and update wills, revocable trusts, powers of attorney, and other critical documents that align with your family’s goals and reduce legal complications. 

3. Protect Hard-Earned Assets 

Transferring wealth can make a major impact on the prospects of your family.  We use asset protection trusts to help protect your assets from the high costs of nursing home care, divorce, addiction problems and creditors to ensure that your estate is preserved to benefit your family. 

4. Plan for Tax and Financial Implications 

We work alongside financial and tax professionals to anticipate inheritance and income tax burdens and strategize to minimize them. 

5. Empower Heirs 

For women - and all heirs - we provide guidance and tools to confidently manage and protect inherited wealth. 

These strategies do not only apply to women but are essential for anyone looking to safeguard their legacy, reduce stress during transitions, and maximize the benefits of inheritance. 

The Great Wealth Transfer is an Unprecedented Opportunity IF Your Family is Prepared. 

Contact Fiffik Law Group today to schedule a consultation. Together, we’ll develop a clear, comprehensive estate plan that protects your wealth and ensures a smoother future for you and your loved ones.