Indianapolis, IN estate planning attorney Jessica Williams talks about the “Silver Tsunami”. She expounds that the term “silver tsunami” refers to the aging of the current generation, often described as the Greatest Generation, who are now at or beyond retirement age. This demographic represents a significant portion of the population, and as they grow older, the wealth and assets they have accumulated over their lifetimes are beginning to transition to the next generation. Such periods of transition are often marked by both the creation and loss of fortunes. The concept of the silver tsunami highlights the importance of preparing the younger generation to responsibly receive and manage the inheritances that will be passed down.