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":"0ee9b0eedd2d262bcc12764075e53e4d","s":"94559ddaac2f8744"}
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