Wealthy Families Use Trust Reveals to Pass Generational Wealth

Wealthy families are using special meetings called 'trust reveals' to tell their children about the money and assets they will inherit.

These meetings are becoming more common as older generations pass down their wealth.

Over $100 trillion is expected to be transferred by 2048.

Families use trusts to manage this wealth, which can include stocks, bonds, homes, and even personal items like jewelry.

These trusts can also set rules for how the money is used, like paying for education or travel.

Some families create 'dynasty trusts' to keep the wealth in the family for many generations.

These meetings can be emotional, and families often work with advisers to prepare for them.