Research
August 25, 2023
HNWIs that fail to prepare for generational wealth transfers could stand to lose up to 40 percent of their estates to taxable events. Image credit: Raymond James
By Zach James
HNWIs seeking the best outcomes for shifting capital to those next in line are being urged to speak up.
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","iv":"d0ec98b8e5bd7c2f9f4de3068db66208","s":"157dce57a6c76003"}
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