Research
January 22, 2026
J.P. Morgan's Paris offices. Image credit: J.P. Morgan
By Amirah Keaton
Ahead of the largest wealth transfer in history, UHNW families are facing major succession planning challenges.
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","iv":"d0d60a661716fd7307d724c00ab673f9","s":"b4d2b902f5c04a1d"}
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