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":"14240770a1a77393da639933803a93ff","s":"4463a30d06c56eae"}
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