According to a study by Edward Jones, nearly a third of Americans stand to inherit money in the Great Wealth Transfer. Forecasts indicate that $84 trillion in assets will transition from the silent generation and baby boomers to the younger generation.

Lena Haas, head of Wealth Management Advice and Solutions at Edward Jones, joined TheStreet to discuss how to prepare.

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Full Video Transcript Below:

CONWAY GITTENS: So talk to me about the great wealth transfer. What is it and how is it likely to impact the economy?

LENA HAAS: Great question and great wealth transfer is called that way because over the next 10 years, almost half of Americans said that they are anticipating to receive some sort of inheritance in the next two decades, 84 trillion of assets are going to pass hands from the silent generation and baby boomers to the youngest generation. So really givers, receivers, it affects almost all of us.

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CONWAY GITTENS: And so what are your top tips for those who are going to be investing these trillions of dollars in this great wealth transfer?

LENA HAAS: Well, so what we saw is that despite the fact that just about everybody is affected, the conversations across family members are not happening. So my first tip is have the talk. The talk needs to happen before the transfer. And it's so important to share with family members. If you're a giver, what are you thinking in terms of family legacy? What are you thinking in terms of values and life and financial choices that support that? What is the rationale for how you living in territories? Having that talk is make all the difference between the legacy of just confusion, potentially hurt and the legacy of love and care.