UMB has outlined planning considerations for women receiving wealth through gifts or inheritances, including the different responsibilities attached to an outright transfer and assets held in trust.

The bank's commentary says a transfer can take place during the giver's lifetime or after death. The planning questions depend on the assets, the transfer's size, the recipient's access and any conditions attached to it.

UMB recommends assembling advisers whose expertise matches the property received. Its examples include an investment manager for securities, someone with property experience for real estate and a corporate attorney where the transfer includes an interest in a business.

The article also emphasizes revisiting a plan after changes such as marriage, divorce or a new job, and explaining its goals to family members or intended beneficiaries. For someone making a later transfer, it discusses the choice between lifetime and estate transfers and between an outright gift and a trust.

UMB cites a McKinsey estimate that American women could own and manage nearly$34 trillion in financial assets by 2030. That is a forward-looking estimate cited by the bank, rather than the value of assets already transferred. The commentary presents general planning considerations and does not announce a new financial product.