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":"a3bf5f4ccaabb56bf0f2c4675e581745","s":"75fb43f036336c2d"}
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