Education Center

In this blog post, we continue the theme of efficiently passing assets to the next generation. Over the last two blog posts, we have discussed what controls the transfer of your assets and what happens after wealth passes to the next generation. We explored how beneficiary designations, account titling, and estate documents work together, as well as how different types of inherited assets can create very different tax consequences and planning opportunities for your beneficiaries.

Different types of assets follow a different set of rules once passed on to the next generation. We will walk through the most common assets passed down and the financial impact these assets can have on your beneficiaries.

When you think about estate planning, you may think of the recommended documents – wills, trusts, powers of attorney, and beneficiary forms. While these documents are very important, the documents themselves do not ultimately determine where your assets go.

This new account is also known as a Trump account. This account was introduced when Congress passed the One Big Beautiful Bill Act (OBBBA) in July of 2025.