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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wWZHVAKRoqAo0J3aewpPQok\/Wph0\/\/Daup970rm9MlAHfv2sBwAGgt3Lhx89koQyNVokmDbHxbkcib2a6HjCKgC\/Is5KveYcLT+p53h0c24G7dPxKpCLl5faR\/3XMh1r5AWXRqBiVM1nQyDjFNtqCLlB2fAJqhGCgHVy\/cJD3rr0eaEmf9nOO7UvOjNsDD\/YDkSFKUFAChs16f80\/aC3\/C2PPt3ByzCXL2OldTFmLdx28k2QsCwrZxXOHo80d0LZIZ4srYgNgbcEk83zLn9Oe7ZWPvpJUCpgNIfJ2zW0V9nEvdSswddX3wKOHjT58CIWVqtMDEnYceAcacQh65k3HABfZn6o0kd4QcFhdtFAYFUbuHblbfRp9KQSl+EUgD1BjtBhLT5ootZb48gfTAxfKomiCvSvAKWodfcJDOAuJyrrf4rctV4OPspeiznjYpwZtKlMUofix\/eUcWI14o9m\/1pamut63usVjOOfH4R8wNZ59QyQnPbBkNo8uoy8BoxN9dBaV90jyUkr3HPY4hpzkSLw\/j1TXfZOl3dB+YbaTM8FjUJYGdKlFJVUU2IjGm+7wnpN+0trwkoAD58uNoWt4sYhosXN+CVlh8fSOvkGLo20drgQ2QMQRp0+uSDVn6rKLMuUhYUu+VfTalRQD79GMxeXN65zo58SBGuce2QkzURAv4s0DsQ1SVGZY\/6PYEXcUUuuWitqryYJ0S7MMI31qBvn1XFTciIvRw1FHQoaZir9V2BmeJRXBUPlQ7ygdQAjdDwTh+OV\/TmhS9jWS0idtu8O3eAVMyPXUCFMObCabCRm5ylsgvQJrbZql4vcrJzDPJaLxV5iXoYIKsFRnEd\/R1IYdKTNh+yu2giq8XQKhuGGHnYG0sba\/7BRvBGhNLgoCsm\/NdJHqrXHV53aYh5vJr97\/\/yD0FsAwE8pi76v83+B1NHW0kC5TFqY9THUC429TCJEQ7nCpRod02+Anr23INp0dgUCDu9S1rw6DNqpidQvvNo4zBdn7+8sS+UXvdzFYBJ7JcsHBMdtvhN+jWaN8OzFY6GacWFUX4SzATB\/8Fj3rz\/FzzLxTFsUM400mHe6iaVyk+80HOt4a\/uLh9tXbZKYKPcxAxeVxPIeCR8NDR7yi3wumNrHjJyR\/O25rAFRgE\/RfENprFqF0FTRXHiPEbqxWNngUfizTWRGmCjRpXwhYTGk\/7zQQYtOVZbr4rPpaC3MzHSD9FeLBYC4ZSWg74G7EKYEKPoFN4lwju2lmL1gDz7tZ2tNqNwJvQoSYEaRpsPvIM+4ckNx8Q8xTEs9utrQteN5t4RHd\/rPFjZ4boonVQiFu12xYoVTDDeppqJUC9FIhNtqMAI5UCo2HSG2tSNlgUPue9FAxyyNAsEH8JEiSHtbEawR02sfhNsjEc5hAuM5q9qeO\/58M\/zGcA5G\/sw7C1Al\/44tY071UIYHmzOYsQOzmNgQWQV+1FBYzqOg7EpsrcoFViuzaVrTrooQbmPDqsb6R0oi4CHId7DqJkSmkt0HsvVeCcZKNLRrZbOSDqduW5uAZy0wpKd4kiZciJA8Qr2EYudkvvYGhB6IqJPtpJ8RUiM\/\/ZDyVqdV5n0AUgCMGeQHOQ27WkV7wIv7RwJz+DwKEHpq0AhmdXs8JSXsfpIJ0h66J\/akP\/nDkhpzL0gKjkV4xgQ8RwX+vVgM5DVQxEygAj+fT85N0JI\/\/jwhg39cbYk6sgAanLeBZy4GRahvr6i5PdTlHKv0S3hI74FySmMgERgnrhr4Zt2Dr7xkelOIT+GBKgIu4wr9SgnxrLSyMSNV9+t5Sg9Wv5oZUGJkl2zr9UDsxQL9eMgsi1pgfGOjpP30BNvVc+PHT2DER6OuPF1eerGUC0yONdvBk\/IFP3tUwtvIqwo734EnTgVTASzZMxgu1s6pMX93zLvebMpyk9Py5+rqMWdUwhwsM30\/3s2\/nw4aMBd+5xJM\/NPTBtr5kHPWJk9+jtrVhklVa7oY33PfFHj2a5z5\/3fdCeDMWfCbHNC+KbWb76FKGTyDWqUQqQTLCzQCOfuI6ONKlvOn7jaNQbcLjmSCsRwzUdlFahMF3ELgUGuA99JMKOiwUK3HOgHfNh+toFN9aC7TSQ70Kp+8DgcsZb9tyfNBxFlaN2sg7+\/IiDEN+c\/1\/f2TUHLkXjG3Z\/IFkiILtWgkfbu1wySNrAhv8J1ZELIxkZF3CF2rMsxsJ5Dhrvf01Ne9hyW6pIU1K9CHxPv2bglLqCOTZa\/AzFqkCWK2V7yIBLpzjnl4IgvAkCBxiPgypZB9Xj\/dTqeWmbFSsE2nB2DsyfL9\/O3ZpL74VcBbLUuHugNdj6\/Y6\/\/zEPsBzunphBiitUWZTK9GFr2SGm1Mi0tZcRslYFj47oHl\/IlXTSoMzuG1qXuwGOqe7eoIx5OzCk9DzR4s5rTNxg8Vj9BjLKdsXB2l\/x6Ulp1XcGXeQReB58lIC02hX5GbfJPuNZm1SWpohUXUFZ4kg+kVfXaNL1YvjU0GirxHhC9OwNQjJycAhjnIGHCyiOMmdvvbyxqxKeeLww\/JEkpWoJsOl3xE7nhnQL4LWR098zUE2idVfHK3QROXu8\/c3oPnopQI3SXp61+91VHqT+UWLhEGPkPdWtlKhvgIQlvFRmDy69MMASyvQFht\/Ysou+OTX6HJYoo2JURNdAufRQ9UwmK5a+A1HtBBu+NCoOlRJ2TBc0NtvZSJ5Y0QEX+y35vvMD8jW57zWiRG8Q5gBFghAlU5xbTwpQ5YEsn9VzDXtXAwhdh2zV7xsriXzBNnAeQj6c2wPT+sM4oJzU3dTFHt6Bw1lTq53dhRTmycReG0VaXRVv2PYfFjbe6fDbKk2fk7YY3TgNuIGJODsbpF8GV0rCOeVEsw5BeceVD2xjOJEP8RJV6Ueu\/1lt8lFBDnLwHfUleGv\/15Tg2+\/JTcCcfuvzpaYDOOJZIRQ\/3s+QHeGxQsY+ZehoUPptH\/xPHLogUXsVp1ZTfD8O6VzhgcYMVN6Id05Yy2++i48deeZmHHpiHw8uWOUwI6tOTV096zEBfy\/CgaBxjAdyXj1Jg2qzyTyD2EEDg6mas4bfK2ewAqb3QA4A3lWQ4lZcQ5FsCk0zCqh0DslI+6ecBWeAelhJFeH0UGNYQMr16O7X8U2qdWzIHHiUbDySWt\/ZOMizCWxYAnbTm7m2Ds6URKJQiG6IVDwWTCmOMcdfajrHQwjv7G1Jz5fGtSosYk4QgFW4FolWMvA3KHVZXncCpban7GD7fbu0FbyJr31HnKp\/BkrpBerD\/htiBEntOJXy86lKl\/qwAoMWuJtzL2NKUoOh6t6UI3rwCdKc1eD0hVhlzNgLXXM35veFh6mIa9TUSROk98ZUDLDq\/StE6QePWf7768MTOkTHJh8dpNPsmYVGbf43SgilposXdzI6h3M\/nG6\/tE0Q56DuVhZaSLZQJuvX7+Lt1slav3zZZ\/ttq\/87V+9X\/DVR3KtCNfUmwdxhuKzxZvumGnMZJvkf+CtoVjTdKEo3768oPblAcrdyUUyM\/GdxUrCeSvQmj9GMfl9SutwLkbTY33WaJN6hfTWG+i5WWcErwChZIBLuW5XBpqIhMBe330UmkvSLm8YBGAsCuN47AfwpiAnxWWLJ7q8ou7uE8WqIDkuon7LuQez8jILw\/XzOV6cnCt4TcD4UuSSO87fh2m\/STpUl7+VUgsHdGknurTYyng26IMV7W9e0VGQTE9P4kXj2h9MwwrKVc\/6LLseCkq20s200OsPLuV2qmokJf7n+avz\/q1ZSARFT0PyLJKN4APCAgkVmRj0IajSugr2mm+FWV4tu419LPx1RK97Ho5hhT5y6sPvokHDvSqWRH7NpGZv+hljWspPHUbnmUt+477PULI3NuZcCA4Vbv0Zadh7xWwLGr9cvumpif95veotTIy41cSfdMZLl+ge2lZa9S3YdCkeF99uWpjVtGTwdMRNWX\/yKLQzahgoRNEc141eCGZOocAwfHHZSYrlEaMZhN+VzoP7GtKanhvBKTLMm357aLR8fzo8jxiaPQcfO0E5wEzLxxTL6iuBQ3CGuf666UEGGbS4oEkViXbttQkdPcQ1iq6IbsIPua4km7t\/xJsA9Kxl0H6moVblqDaj0GZ38eB5DjMTKmO3ixw5DojlJandj+HK9NxmSO95b+q5hMSSQuVYCxCZScQYSt8gMNE+cwra1GDv7Qg==","iv":"d2d49df0eb9178a9c3cc353853677b94","s":"e8f4d81fecd12564"}
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