There is a limit to how much wealth individuals can pass to others without tax consequences. As of 2026, during their lifetime, an individual can transfer up to about $15 million tax-free to their heirs without paying federal taxes. Any amount above those limits will be taxed.There are certain tax rules to keep in mind regarding transfers of wealth. They will impact how much beneficiaries receive and influence the inheritance strategies families implement."Millennials and Gen X will inherit the largest shar ...