Wealthy Americans do something most others don’t: they plan for taxes long before retirement and long before wealth is transferred to the next generation. For these households, estate and retirement tax planning isn’t optional — it’s a core strategy. DIY tax software and generic preparers are built to file forms, not to model the future or manage long-term tax exposure.
What the research shows
- An estimated $84–$124 trillion in wealth is expected to transfer to heirs and charities over the next 20–30 years — the largest wealth transfer in U.S. history.
- More than $70 trillion of that transfer is expected to go directly to beneficiaries, including middle- and upper-middle-income households.
- Many Americans lack coordinated tax and estate plans, increasing the risk that a significant portion of inherited wealth is lost to taxes, probate costs, and poor distribution timing.
A common client situation
- Individuals often come to Woodhouse Associates CPA (WACPA) after inheriting IRAs, investment portfolios, or real estate — without a clear plan for managing the tax consequences.
- Inherited IRAs can trigger large taxable distributions; inherited property can create capital gains issues if not handled properly.
- Without planning, these assets can push beneficiaries into higher tax brackets and erode long‑term wealth.
How WACPA helps
- Analyze inherited IRA distribution strategies to minimize lifetime taxes
- Coordinate retirement income planning with RMDs and Social Security timing
- Evaluate real estate basis, sale timing, and rental strategies
- Align tax filings with beneficiary designations and estate documents
- Provide ongoing support for IRS notices, audits, and future planning
Estate and retirement planning is for everyone Estate and retirement tax planning isn’t just for the ultra-wealthy — it’s for anyone who wants to protect what they’ve earned and ensure their wealth serves their family, not the tax system. With trillions set to change hands in coming decades, thoughtful planning today can preserve wealth for generations.
Ready to put a plan in place? Schedule a consultation with Woodhouse Associates CPA (WACPA) to review your inherited assets, retirement tax strategy, and long-term goals.
