Wealth is a relative term.
For much of human history, most people have lived and died without large nest eggs to pass along to surviving spouses, their children or other heirs. Indeed, for millions and millions of people, life itself has been a matter of daily survival, with precious little to pass along.
For many people in the world, this is still the case today.
Many of us in the United States, however, are fortunate enough to have wealth to transfer. Recognizing this good fortune helps put particular estate planning decisions in perspective. In this post, we will give some comparative context for this favorable fortune.
Continue reading Comparative perspective: considerable U.S. wealth to transfer
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