Which intermediaries best fulfill the intergenerational wealth transfer function? What is this

QUESTION

Which intermediaries best fulfill the intergenerational wealth transfer function? What is this wealth transfer process?
Life insurance and pension funds often receive special tax reliefs and other subsidies to assist in the transfer of wealth from one generation to another. In effect, the wealth transfer process allows the accumulation of wealth by one generation to be transferred directly to one or more younger

enerations by establishing life insurance policies and trust provisions in pension plans. Often this wealth transfer process avoids the full marginal tax treatment than a direct payment would incur.

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