Why You Need to Think About Wealth Transfer

Morrell: “Never before in the nation’s history has there been a time where so much accumulated wealth will be transferred.”

SAN DIEGO—As they age, Baby Boomers, along with their potential heirs and advisors, will need professional assistance in asset valuation, management services, asset disposition and entitlement, fiduciary accounting and general business and asset-protection services, Douglas Wilson Cos.’ president John Morrell tells GlobeSt.com. The firm just hired Morrell, most recently managing partner of Higgs Fletcher Mack, to join the firm as president, with a broader mission of advising on wealth transfer/dispute issues. Foreshadowing the coming tidal was of asset transfer from aging Baby Boomers to their adult children, Wilson and Morrell are positioning themselves to put a stake in the ground in this niche.

We spoke with Morrell about his new role and why wealth transfer is an important issue now and into the future.