Inheritance transfers have been around for as long as people have stored money in banks. But this time they’re different. The Great Wealth Transfer will see $90 trillion in assets passed down to the younger generations over the next decade in the U.S. alone, according to Knight Frank. These are unprecedented numbers. Are credit unions ready?

The truth is, whether they think they are, the current inheritance transfer process isn’t as effective as it could be. It’s plagued with long wait times, stacks of paperwork, inefficient communication channels, numerous visits to branches and lots of frustration from inheritors. This dynamic might’ve worked decades ago when people only kept their assets in one place. But this isn’t the case today, meaning inheritors will have to repeat the same time-consuming process at several financial institutions.