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":"4eb0bfffdf071013a7bc3f345db27c8c","s":"69816cd239cce030"}
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