Estate planning professionals identify two primary drivers motivating clients to update their plans: transferring wealth to the next generation (60%) and adapting to potential tax law changes (46%). With the recent passage of the One Big Beautiful Bill Act (OBBBA), a substantial 87% of advisors are recommending significant adjustments to client strategies, particularly emphasizing tax-efficient structures (53%) and enhanced gifting approaches to mitigate taxes (50%).

The window until January 2026—when many OBBBA provisions take effect—presents a critical opportunity for planners to optimize client tax positions. However, this planning occurs against a backdrop of limited next-generation engagement, with advisors maintaining relationships with heirs in only 43% of client families.

Family business succession planning faces similar challenges, with only 41% of clients implementing formal plans. Family conflicts emerge as the predominant obstacle (67%), highlighting the need for improved communication strategies and professional guidance to navigate complex family dynamics during wealth transfers.