June 17, 2024
Erica Alini, The Globe and Mail
While reputable online will-making software has been available for years, these partnerships are likely one sign of the financial industry's effort to get ready for what has come to be known as “the great wealth transfer,” as the affluent generation entering retirement begins to pass on assets to their younger heirs. "I think potentially there's more at stake because of this wealth transfer for two reasons. Firstly, more wealth in the baby boomers and a more pressing need in the next generation – the millennials and Gen Z – needing that," said Tim Hewson, chief executive officer of LegalWills, a web-based will-drafting service.