Core Insights - Wealth is perceived by many as an achievement, but high-income individuals understand it should be grown and shared across generations [1] Wealth Transfer Strategies - **Strategic Gifts**: High-income individuals can transfer wealth by giving cash or assets to family members annually, ensuring amounts stay under the annual gift tax exclusion of $19,000 per recipient in 2025 [4][5] - **College Savings Accounts**: Funding a 529 college savings plan is a common wealth-transfer tool, allowing tax-free growth and withdrawals for educational expenses [6][7]