Research
August 25, 2023
HNWIs that fail to prepare for generational wealth transfers could stand to lose up to 40 percent of their estates to taxable events. Image credit: Raymond James
By Zach James
HNWIs seeking the best outcomes for shifting capital to those next in line are being urged to speak up.
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","iv":"f51fd9c5f7d166d8ed261d85b0ea54d9","s":"1ae2c9c8866010fa"}
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