The largest wealth transfer in human history is officially under way.

Over the next two decades, nearly $125 trillion in assets is expected to shift from baby boomers to their heirs and beneficiaries. The magnitude of this transition has been widely discussed. Registered investment advisers (RIAs) have an unprecedented opportunity, and responsibility, to guide families through complex planning while helping preserve intergenerational wealth. How can advisers create practical strategies to improve their clients’ outcomes — especially when it comes to incorporating estate planning and tax-efficient investing strategies into the broader wealth conversation?

The numbers are staggering. By 2048, $105 trillion is projected to pass to heirs, primarily from high-net-worth and mass affluent households, according to Cerulli Associates. An additional $18 trillion will be donated to charities. More than $62 trillion is expected to come from high- and ultra-high-net-worth house