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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sGcNn\/ggWuWlgbwKk8SgCub4KPj0wl+vCOj1yJOq6x8+DW6mj9mci5yUYFltYirDq1yVMtewok3n0JvdKhitDiHE\/c7JX2E3JuTSrLoSrKbaPSjSgI8B\/zeytjGo9CXlFv3jxjyqVxRyJsMQnDHdl9wg1qV0psCqqcOmEaXv+xp8\/KzUORFAr8LOywqXvLGTceyxHD9lo4\/K+v1z8QhKosKPWUnG\/b+OlPfPZ9td8wcI3OmuxTm4a79CtZaNCT45zDU63jtzQiAIeOcHZ15xEoMAl7thg30MijOb5CDYijZpm+EGkJ5kZiTXi+f\/GSpIPAQGz11Mq9jY69GHS2WxXiNkM9BYlaMwPj4HXVZvqynHoikdmkh85exe4YmS30qRmoajrLQirpARgCKygParJMhwuhMOVD2zaoeMGNce0WvA881UcXA6QKOc0oraM2cDHOQhy2SogN64gwX5\/85VM78+2Kos6tYltSmb\/ePFLmsZn9xOOzECnY8QijGoWn0HKCzbKJex\/CKtEi1BM8hwiK5tdzGSiNxFJQ0b2NOXRziKW7y7+p8laXEHCJbAfBEBsgtv6+2zSjFxgcqEGb94iMlCjhmS0dY95xI\/ATMDqVFjqOKR669m\/vMA9MqkJfD1uI\/mE78bCgqf\/gizxYsCtQe0TGtyN3XS3o4FYO6WMdrA1vd1\/2FDSMgiqC7Pru9IMsojaPsZLtJczLH18cnU1pi0NfacQvYPbHf4l0IxwEV3G3xi1y8xpC4Z5wfhW45A2EnV7fSq1hLyHd9+tm2FcVIZMGrExZrKe3KDV9+GcMd+IEeZo75eLBNeqV2pAJKCvwZlwnfUena3gZxov4gKZ99Hmcz9591enDKCnB0VP85ODSXofOSL4DK1cSHVAFcZbbI6Q++HLxf86Gx\/moTWRXecxhhbP2lHVa\/Sj8+OfpuawowleQt3HVBpoRU+o\/bq80nq9wiUgQYOVTV01PGXsNbqvpwy0ODbP5YFfcN49leoaG80vjzIQWC3UetRaFLM9GeVPLh6jOKHjXl6BMNppSS\/tcTYcRhgTVQMqM+YNCXC0Ib9oGrBkcmb45QmOyEn6F\/ShOAJiHusBFKS5v+kYG1mDDBWZHThOXMxbKbKB3cO07cV+UAas\/I3Li3ij0KlyVBftsWNuSQ5U73zJR8XIz+XNkNF8rhX1VE0dMG4758n1rsMeqj6gM21ACnyZxtFbn2eDzJWigJ4dNQLlKRhOBPj6rPJy1qv7QI624okeWTuVjNFR7ISVqH0D4yqpcA+M6aCKbtCTZeBruuMM5HnCOW+GyRs0JGv298V0wTz0\/\/+knc1ApYgnXWomorM2pJHIAIFhukG68FnMpxVCtDitbNUrUQplEM7epJeBFikRzCsRrNomE3sYIOQUS9yyDMZOOaCDNLibSJ+silYvffD6o2hj8+WRXPeLNZcgCv4zGXD7uEaQy2UoL\/brgw7PG9KhaSesSHYlgSQm3cjBBRURUWp93GZOF8dJCjIMvpgjCG2wKyZd1qRJgj8rVJFyiG6TgZApbQmFq\/P2djYflbZdiCLWjEBnaDHpnN57HiLUNoPtkxc+wzgpSRmFAsEEB9OIB5P4Nl+JnOVA1ZhQU2PGmPJrAo6OprFZb1eEAGxgO4ITR2DY723Ui0kADSaTS++MQStD61mo6P1kQXjZCl7HO7uXOy2hzvYm6hRECGP2npZPQMMcZcz33QDrINIksdH8AjoA1JmH2r3Fyqv7b3LpFCMVDHsYkZM+eZy8aLeJes87EPghFWWYIXuBVcTnqykbE99a\/wMjcx9yTANNUs+1Os5AfNFIG8ObIATdRRGpUE5ECbZGXQTKa436oerljpHo5+bl\/XGaopWYYBBAn1gjAtEbdnEkOUcFoYor5tuzMVRkFtD5bda2CItKozR80wIt4j\/DQ12czFs7luZHnO52C5zc1I004iiWxGsGSxTRnPHLNGnbZPyvxgZMpUY4fZMSG9jJ+4iaA5H+B4D5rlp8slM0DwXNpWz6gHaFgmlY1FEpl2Tp\/YHE+0MFX1kB1+v9Wxe9KP\/TBtuMt57ZtxSot9ZbBSc\/aJkn+kbAv6hhn1o8UwDRH\/94dBjlWnmNLQXSlKYuLJZiw0Wg26X4jIjzQvNvcIkp\/9YxlJbQ8UIxpCCWeO797Wk0hPiXXUJJgRghHT\/TEFxUjpSrb0gJITHXLW7UEFil54DGd9aGs+le7jTYh4ylXfT4Eka9EdyBTleisGykh5YBhU3SVhFl4tyIDBDMn7e8hGy0W4x7djeOl83ftqnxF0Y4CWIvPA2NLGDuegNoWXFp3WXPRgfXtgrctT66+beIrT+BuTSTCS\/4WA5JY\/LWIPhjgrQZ84y8Yy80FbimOzBn0SjJK2RETUXD90OopXUKILzpB+gtQRSFLwj6zQYC4TTiqPxJRLPgzsgGJfj9pOgaq8iiAmws+eGWNp7O0MA4iw1mCSqE3nbPw3PNPhzysPSYKZQUFQb1A4zeaVgQvT4c0anPdWDCjVzZuMz1OR48R3ci\/zfoyEc+P+dQChuwwxbRYPyDGqIdoCHh+qTLK\/cVEMEQ4ErHCEPgLxMLxI6JhQLdM4XKBE77lYuwCktOYHxBDHjeL7T2vcVbHe7nImU\/bmocWGJkZKI1nJKcJWM4TkNRmd4M+a+d\/sCLlRbXD7GXdvDnBctepTaG3sXwq32VvXiDtoSSbdwCcoREMDH4W3kayWmx1KETtBTjtz0tzXHhIwmu7uPHqZWlusvIJvaQTZeN0uCQl3PjX1lk4tj0Ni5a7IrqvCDMRVo2Rh0auJIqVduEZ1sakqHqTptYs0+IiiVhiKXmaRw6G8OYJZjKqgjLV3nAgpxi0PfxDpSpzZbdUCE9qIPz5gbUvRZIIMcuYmlPDhI1MM27yUwG6Bfu+ypDLpcEocScqznFHLpjm7xyRqHDP61kMkcw5C8MpL6\/6wwh9O8Gp6qsu3ElzdfyheoqasmmTPAKpdsACy8+1XSdd5BwX9I7UvNVSlhMa6LHqGJZd4kUksbP+O167w2+tw8FkWDBkGxZc9FwzQJxQrVuK684G23hDqoq8Ds3J3kNXIGAB8foSGV3+bN7pRrIhTs9aX7vc74TaxWyQfa8UBqvGbwaX3asECaFmXLaCY\/\/QS4OYqukTylNtKdbC2DRnGf+SLejqyxHNuMMETm91jDVkBFoe8IxGplEln+qEDQvQwTuHlVz3bLntPyHYG8hLHMk9iZW0\/s6j24osvs7jW5Rk8IATJgDV86j6lzpwnIXEDvF1WIhbFYZXrFxlSYLCpPcdBIioiGyccuIhFqDVYwSGVP5uHNinzzEVVZsnT+OsnsuC+exgrFmKqAFgYqs99\/og3wcvtgmeOZMoXIKxTnAtgK0DggraQ2KtdgIxmjd8DAdG9ZdpqRN97vmphDHw\/c66M3+yse0ux3I9SI6IAGmdFjnS6s4wQv7jQ94LAjI0ANkMRwprfK+6MLrl7bfY5UpuDoa5h5LB7Vqj\/yXkVddtNOkcYr+bDiTIsV2\/08T2jKpJOPWWHmZvQwlHYZlWGnp\/YW4wyjh19xiv3LWwl4znidu6DCyAvffVDzMJx5v+u7uq+2VkG6qeFgdDZTpSIn0gsL2UZNsRJu5cBamN3a8wHs9c7emCGhPN0tewdy2Zpkmfr2ya1k8xtg\/epXRdBl5Ede9mlDh4fRCR8FxdwZxz3dswI\/W7cUimrqfhhQmnGVPts5GM4iBZHL0IVKWx+S6F7CRO8ASBWEDpAK4TaKCfTKpob+l++Be5zmAThwHA9eA+a9lgKwOnjSrH2249IeRrzPEyJInjmQCRrzISfePhiWSWcA8k3RG2YJMhwxVTNLs5IPh+SMCoI\/Hsn7w45VecSE5L9CrSJKeE0W4usrKrfu21V8asMtcsJxt5JaIDW8Y36l7fpbLZqL99c6dTNq5G\/4yR7L3ezfUKNPVafWN\/8KBwUvwhpeMhSpvYd6l5BTpRyXq3SrO4TN8slRaYFLRSDcDi47UZ5K0uPWdfM0g5VGCVgUj9AZGR1WN1jI\/CBS6I5V82vXYc+uJ9egyqlPk+Vu1cfdGQRpB4IkqUVe1HpG2HJu2p7sXBW8D2lUetNuYiSVpkOEWTfINASFRsf7EPuIe9rp8Kn1JqgD72GmsUTfFNsAi0\/HifqqAQJ8lQ5czWmHsduZg7PnW092nio5zaO3M1lH64jAi8HvhqGYjl1hM+135bycigCl+0kaiLQt8ZslFkq1tWI1cZm11aVXnA2xBhOAe1BBiVG3UjISNcY8myIrEOgTIMQiqL\/VaHDSC72iTHX9ah93w09gwiET9GH8vrQ1u8MvJUR4nLujr4itcQAY29KTEuJ2A7DFZhGYiM\/ymoHvUkXrbyIIdl75wWkjHH\/ffyXsHER+awtxt4+3myA60ZgJ2X0cVL\/9ZdQ95P6srs5loE2FPbXHOJEaLlomBaPj36P8nQZO06OlnvyC6X2N5ayp3pbV8cTtSwH0WKM5byEIQ0QfdDKxoUqekEVl1YiF\/+6QuspYKOU57S5gzs95KBOjw9t1ZxakZoWWw77N+QtkJjvz4Vv\/csVlKLVPMVJCkfZXDXfHQzM9n5rkckawkYEJSjevi2mrZv4uKUHwSygKC+ADNoo7Q8dFFvYka3r7IpONdsmqiHHF\/WDXVux124dgdOUaveJNrOiymYvbl8Lly\/TYJJTAgF27845ZSx6Od30sRPbKv2lJC1DkiaZzTVyCBnCqfgBy\/vyyyH72P2g1h8JKKx3w90s5Ly+7PVXmpuZVEFjgGCpIWV8+E5Z4q\/sz2531a2+kFCf5se+U3ZAg+AbuMbQnnrmLy\/JH1AtXwH0W66WD\/E2HkhZLIDbY+2FQTZAoLh9kzVI0trdlu30HzUm1ixEFg582qtngzPpD6J5WliCdFZADwmGQuBRISnUuL5OQ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