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":"362638dd41d7bcae6566f1d24dd3d7b0","s":"39633b006d6cfdca"}
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