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":"7f1cf6e339c5fd2626ac40b9fd9a0a6a","s":"00086f4cde39a487"}
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