Why Now Is the Time to Plan for What You’ve Built
Duncan Legal, PC | Helping people solve life’s puzzles.
We are living through one of the most significant financial shifts in modern history. Over the next 20 years, Baby Boomers are expected to transfer more than $105 trillion in wealth to their heirs—primarily Gen X and Millennials—according to financial research firm Cerulli Associates.
This massive shift presents both an opportunity and a challenge. Studies show that 70% of wealth is lost by the second generation, and 90% is gone by the third. The reason? Lack of planning.
At Duncan Legal, we help Colorado families build estate plans that do more than transfer money—we help preserve values, protect legacies, and ensure your hard-earned assets aren’t lost to time, taxes, or mismanagement.
1. Don’t Rely on a Will Alone
A last will and testament is an important piece of the puzzle, but it’s not enough to keep your assets out of probate. Probate is a public, court-supervised process that can take months (or longer) and reduce your estate with legal and administrative fees.
A Revocable Living Trust can be a more powerful tool. It:
- Bypasses probate
- Ensures a smoother transition for your family
- Allows for incapacity planning if you become unable to manage your own affairs
It’s one of the most effective ways to transfer assets privately and efficiently to future generations.
2. Be Strategic About Beneficiaries and Tax Exposure
With legislation like the SECURE Act, inherited IRAs and other retirement accounts may be subject to higher taxes, especially for non-spouse beneficiaries who must withdraw funds within 10 years.
Smart estate planning with tools like:
- Retirement Trusts
- Charitable Remainder Trusts
- Roth Conversions
Can help reduce tax burdens and preserve wealth across generations.
3. Prepare Your Heirs, Not Just Their Inheritance
Many families lose wealth not because of bad investments—but because their heirs were unprepared to manage it.
Your estate plan can go beyond numbers. It can build in:
- Education and guidance for heirs
- Staged distributions based on age or milestones
- Asset protection from divorce, lawsuits, or spending habits
At Duncan Legal, we help you build plans that offer both support and safeguards—so your legacy isn’t just passed on, but preserved with purpose.
Your Legacy Deserves a Plan
We’re not just witnessing a historic wealth transfer—we’re all a part of it. The decisions you make today will shape your family’s financial future for decades to come.
Whether you’ve never created an estate plan or it’s time for an update, there’s no better time than now to take control of your legacy.
Start the conversation with us today.
Visit Us: 6436 S Racine Cir, Ste 227, Centennial, CO 80111
Call Us: (303) 394-2358
Learn More: www.duncanlegal.com
Duncan Legal, PC
Helping people solve life’s puzzles.
