How the Rich Pass on Their Wealth - And How You Can Too

Strategies like trusts and beneficiary designations can help even modest estates avoid taxes and probate court.

Published on Feb. 17, 2026

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This article explores how the wealthy use various estate planning strategies, such as trusts and beneficiary designations, to efficiently pass on their assets to heirs and avoid taxes. While these tools are often associated with the ultra-rich, the article explains how they can also benefit people with more modest estates. The key is planning ahead to sidestep probate court fees and ensure a smooth transfer of wealth to loved ones.

Why it matters

Estate planning is crucial for protecting assets and ensuring a seamless transfer of wealth, regardless of the size of one's estate. This article provides insights into strategies the wealthy use that can benefit a wide range of individuals, helping them avoid the time and costs associated with probate court.

The details

The article outlines several key estate planning strategies used by the wealthy, including trusts, beneficiary designations, and the 'step-up' rule. Trusts can help estates avoid probate and keep details private, while beneficiary designations on accounts like 401(k)s and investment accounts can facilitate a direct transfer of assets. The 'step-up' rule allows heirs to inherit appreciated assets like stocks with a stepped-up cost basis, avoiding capital gains taxes. These tools, while often associated with the ultra-wealthy, can also benefit those with more modest estates.

  • The article was published on February 16, 2026.

The players

Mark Bosler

An estate planning attorney in Troy, Michigan, and legal adviser to Real Estate Bees.

Renee Fry

The CEO of Gentreo, an online estate planner based in Quincy, Massachusetts.

Benjamin Trujillo

A partner with the wealth advisory firm Moneta, based in St. Louis, Missouri.

Allison Harrison

An attorney in Columbus, Ohio who focuses on estate planning.

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What they’re saying

“It's a strategic game of chess played over decades. While the average person relies on a simple will, the well-to-do utilize a different playbook.”

— Mark Bosler, Estate planning attorney

“Wealth transfer looks like smoke and mirrors. Assets like stocks can quietly grow for decades and, when they're inherited, the tax bill often disappears.”

— Benjamin Trujillo, Partner, Moneta

“Wealthy families plan. They don't leave assets and decisions unprotected.”

— Renee Fry, CEO, Gentreo

The takeaway

This article highlights how strategic estate planning, using tools like trusts and beneficiary designations, can help even those with modest wealth efficiently transfer assets to heirs and avoid the time and costs associated with probate. By taking proactive steps, individuals can ensure their loved ones receive their full inheritance.