A significant wealth transfer is expected to occur over the next few decades, with estimates suggesting a range of $36 trillion to over $100 trillion. Many individuals set to receive this wealth lack preparation for the tax implications.

Tax planning is crucial, as this transfer of wealth can result in a taxable event. Further guidance on managing this transition is available from tax professionals.

Details on this wealth transfer and its tax implications can be found through sources such as WXYZ Channel 7, which provides information on this significant financial event.