Estate Litigation and the Great Baby Boomer Wealth Transfer
- July 19, 2024 - Estate Litigation, Trust Litigation,
I’m Mike Hackard with Hackard Law. Today, I want to talk about a critical issue affecting California’s baby boomers and their families. As a California baby boomer myself, I’m keenly aware of our generation’s unique position in history.
We’ve witnessed and benefited from unprecedented economic growth and soaring property values throughout the 20th century. Now, we’re on the cusp of the largest wealth transfer in history. By 2030, an estimated $10.6 trillion will change hands between generations in the United States alone.
California, with its robust economy and high property values, is at the forefront of this transfer. But here’s the twist: thanks to advances in healthcare, we’re living longer than ever before. Many of us are still going strong well into our 80s and 90s. This means that often, the next generation – our children – may not inherit until they’re in their 60s or 70s themselves.
While this extended lifespan is generally positive, it can also lead to increased vulnerability in our elderly population. At Hackard Law, we’ve seen firsthand how this delayed inheritance can create complex family dynamics.
In our estate and trust litigation practice, we frequently represent heirs in their 60s and 70s who are challenging changes made to their parents’ estates when the parents were in their 80s or 90s. These cases often involve claims of undue influence – situations where someone may have taken advantage of an elderly person’s vulnerability to alter their estate plans.
Undue influence occurs when an individual exerts excessive persuasion over a vulnerable person, causing them to act or refrain from acting by overcoming that person’s free will and resulting in inequity. As baby boomers, it’s crucial that we understand these risks and plan accordingly.
Whether you’re concerned about protecting your own legacy or ensuring your parents’ wishes are respected, being informed is the first step. At Hackard Law, we continue to help family members navigate this unprecedented wealth transfer and protect their family’s interests. With over 40 years of experience in estate litigation, we’re uniquely positioned to handle these complex cases.
If you suspect your inheritance has been unfairly altered due to undue influence on your elderly parent, don’t wait to act. Don’t let someone else’s manipulation rob you of your family legacy.
At Hackard Law, we focus and are highly experienced in estate and trust litigation on a contingency fee basis. This means you don’t pay unless we win your case.
We understand the pain and complexity of these situations, and we’re here to fight for your rights. Time is critical in these cases, so don’t wait.
Call Hackard Law today at 916-313-3030 for a free, confidential consultation. Let us help you reclaim your rightful inheritance and honor your parents’ true wishes.
At Hackard Law, we’re committed to protecting California families and their legacies. With our extensive experience in estate and trust litigation, we’re here to guide you through these complex legal challenges.
Hackard Law: Attorneys Making a Difference
Attorney Michael Hackard
Michael Hackard is a top rated “AV” for over 20 years (“AV Preeminent is a significant rating accomplishment- a testament to the fact that a lawyer’s peers rank him or her at the highest level of professional excellence.”). Avvo also ranks him with their highest rating – “ 10.0 Rating – ‘Superb.’” Michael is also a “SuperLawyer” – an honor reserved for no more than five percent of attorneys in each state. [ Attorney Bio ]
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