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Title: Digital Platform Tackles the 84 Trillion Dollar Wealth Transfer as Families Struggle with Legacy Planning
United States, 27th Jun 2025 - The United States is experiencing the largest intergenerational wealth transfer in history, with an estimated $84 trillion changing hands over the coming decades. Yet most families remain woefully unprepared for the practical realities of managing a loved one's affairs after death, leading to billions in unclaimed assets and unnecessary family stress during times of grief.A new generation of technology companies is stepping in to address this gap, recognizing that traditional estate planning methods have failed to keep pace with the complexity of modern digital lives. Among them is SmartHeritance, an online platform that automates the discovery and organization of financial, digital, and personal assets to ensure nothing gets lost when families need it most.The scope of the problem is staggering. Financial institutions hold billions in unclaimed assets because beneficiaries simply don't know accounts exist. Cryptocurrency wallets become permanently inaccessible when passwords die with their owners. Important documents remain buried in file cabinets or scattered across forgotten email accounts. Meanwhile, families are left guessing about everything from funeral preferences to ongoing financial obligations, creating conflict and confusion during an already difficult time.These challenges stem not from lack of caring but from the fragmented nature of modern financial lives and the human tendency to avoid uncomfortable conversations about mortality. Most people maintain accounts across multiple banks, investment firms, and digital platforms. They store critical information in various locations without a centralized system. The traditional solution—a will locked in an attorney's file cabinet—fails to address the day-to-day practical needs...
This press release is issued by King Newswire