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":"70dc5802ebdd8a09cb98832597a83691","s":"bff7ccbee8a354b2"}
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