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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tB031q42czDBHDPSpIAwkA\/ETuvdfK8jPl486HE185jHjk4KaDGask08LS2y5ikQQg3lStMVav6Bm4CBDxRUGthrqRAR+ADdStjOsQKKb0gpI4HIkFAvxnzabRxxVjuwIQncljwEifjendMuvnDcF5lcjQsJh6DwFVtWzOGzz85mKRIDZXMZJReGy0c14nBpmPxNaHxX\/0pmrKtcmAOyAYB73dAJovBgdKJSMrG5hI+uhOF3s15bpXRrI6VPZnBl9lGNDDWYZ7uQmiSK219YIatLfE3s+weJ3aF51ocESFBTeyaGVnguXuPetnLFIm3DznBzz6pW+1n10Uct5TzOH9RtTkpyUPVRXrin6z\/GvUtciaRv9Q4dM2bKaI07Aj5ufQd3gy+ca1bxIMisx1HrQPpl0\/st9g9z4CIoCxed3WMgUBtPziVkVOP2TM9D2DA7eYUqoHkAqmoCcSd9k+4PS9co9WUy800JgLtzcCR8C0onuydyKBIBzzlvRuR4XOhODPAvUpX7VAhPTXdTq4Kbghbhwe9DctFRDSV\/O75P+QJVC3RRwGbo6y5MWVfqO8q7MGeyFhU\/ns\/NHuc2IOQvYCRN34H5twbgN\/zxhWLgnJoX\/o1NtdHt5WFI\/CKGaYPF23WoxxWPZMSScCcC2TKlCq6HuzhI1H\/mk0VBY07ZAd1HybkOpA9rWLBJmJsD7hO\/GhrYbQ+EmiBpSMl3iZKZhBpmVFmlsTmR26ewwRdJi9VmEZ2URkuul9wsKAQNeb\/1KsjUr4qYtgW\/qkx0VIC4e1v446z0wro5B8lw9dN5v+t9C3iIvvrTIsu9aUvb2+fddppKrjSFP7UX6aOgaaWFrCHXlcM1EofnkgWEjfba1iPMXddaJq4YLz4SckfJk\/2rf47DJ9c+kRYXbHHuuC4KxAEQn2bcKi2918H71g4r\/DAS51VSDTOb2DscUMgqhqLtGry2z5eNFiX4XpYzBjOw1I4QYfQLUG7hfu46lPxDJ\/WKyW1oj97Z8n4r2tmdQA7WfWMpzKjQBnSGwaitQqy3LMxb92YCaEFR356b6XXVGbzu+8FXZvMh\/lVEO1tfzjuP7AXsZ3FO6Nz0lDZYIx56BZUgsmVif4utnvVkcKF8xr94Uq0amnmXE7Dg\/eYUZ4Hmuo07dVCEKIEn\/6p7r3jEmBf9V45JqrwbzsD3\/KVmzPcqnZsmeEBieRy6aQU4HN5Nrlss+PGjkoCK53gkrdOAyGFcOzns8KDGN8NGH6dUJnorYXzta3NOu5msAzxXgoayqq9JcVTeOuOT6dOZDIfcXWECUCvrBsGUvIaBxSw2MX68hEfgIbpitPwTrQyA6XI6vxhP0VVrF00\/wEZiiMjHaXuzyTAQPR1C2av7tafGw5Wu9trD2+hNqdb1+lsyAVj622YU+86TEVTHrKj6gmF\/gUDEYlgGs5vaGsqWnCwivNKdQqb22\/rNttaW8MLC4aqeCEOAhaQDes450uVbM86ZLQ9tsfDBBpLiHUG+Xnz66qPGcB2vnHhDCXYgdVLTJj473vLQxxhGI6NlCe3EYZws5MgB24EUkEhHMBWRNJFm9C3PIc3C2NuGJyYB2LulAU2lKXmDqV5uJryLFggqAVRysRVb4BrmVYh1iwf2L+xi3UsX3DiVlxTm1RcQ0epuExx+qhoX\/TfcojDJpDVfDjDsD\/DkceY98fTgGkYmS3j++8UNaWH6rxTU7kggDtT\/XQ5RNRRjRmQsiUGlHmL6d+NBIevEJrGkAt9CVn+9nIj5eHrbEXhEMzxbg5Cmg9u7Om8g3I6kXVKptX9f4TfufjL1fYHfKqnsOsgb9lSUilSSzp\/zuS0i1SOx4V\/OnLbDKarMI+H98e+KBmpxkhWUO3KmjKIoTKWWQKrkAWsUUb2Y80Q7Xf6gSDIfLWXpJHDaQAxS4EDS0U2RR9ssb2rN71HNVWLTv\/D86T9oSMfI1GOEJyGXdQAQtac7Ph\/KUu2NcTilIzY+OXwZTjp1cXS7TWZ2VX7pF7tLmMC6fj3Nd2MSwArKHuRRXsWuUC2F4EFYwLEiqNuQ+lq\/J7u1VrXpKuvAgArvMh5\/3ixzQ4tgVuUHWxhnwYUHVI17YWL9\/29KOmxJA0hG8UMQyOykEG4pjeD6hQWl5Bo8ppMCdEkx0RiZm3VYZAGjPmB0J52K9XtDN2XwJYIO3vc07ykg0YRP\/h0oCixgWeAVxQd2xu8VTxYzdiuhl5uRE6mg+dK5IxHrZuFvfG3NNWnCD5kLDbzyREIkYFJHXc62xXx1ke8lyQKm7g7xFW4eoKYyevIHkZL2FxKll3gU620pEbRy+LGcLH2g+wXN2Ols7Ls4Z6x36PaqyGR8wk0RF4nlaZfOxd3IjZ7F7Mv2hNP+xwy0BP8GcVIg+B692Y5v8K4l822NMWtbFaxiar2sRPKLGp9K+wmEFPibz4LqMWFwBvMJiRWoHA5npSCtchsolWm84FJwbMPSp1vFpZDRj5O7tkQVl97FTCLjqVIwXcAFhcQbAtneQHKcuKcAkUtRJg64zjwx4fIOZe8tvIwu92\/y6Ac6cLcOtppYUkOrKnofaC93XNZPnh3BxwZqtjmRaZ2AKvEevThtMUN6vHyd2lyt9ezpWyivcdY\/wYIYUFzQ\/uMy2rN5PsycIccjN3kOkGPKG6M677hglW0GaWwlT2P8faPMlQRl5HAWeYz0ly1+YQRJtmFz5AgwZqOMajuy+FQ7C0rvcZ8VhM77arBOKbljiqsuH1SfXrtPn\/zeq6kk+y1oYunPFbWM6jLxMoU8IFT4lSiJqRnDxJF39O61QxQMyjjvRc+PXNwfNpmv8Ld9JiTXSkhnZyR6pyIfm4Hu\/1Ceukj6lNzMbkoHpCK6KnDJamE++ZMXzJGTwSvcJHO5DaVjtAY8055IbehJOk7ONdgPkkz\/wS\/I0qzTbDA1viu8tINFxMjLDzDbKUbKL+cqi8yqjLNlbe52UN2VE2UcdAvDAoHR4hemF8a520WgUwo8JucHGD9E0TE7fHn8TK4emiCuY0lBmwgg9mdYhMaAO7hmKLQprWvicIPSo0sKrJnkhOsTkJk6hIJwQbtLyOCIlKmyqUKcaDvEFmtGz\/ZmMZ0YNsWimMkX+ezo4o1osQ1KxxulqgxprL7KlLGG4xhpIqSN7AlS3tEXF\/z5GbkFs6BSfYDIY6pQHBSgg9DUbC+UWdLc9VlMNN7eP392q03y7moZXKebpz54FOzeCNzDggfhcAivshv+i4TnU8DI6x8Jh61kRxerKXvDNdL0QjSIhHlSKXcdZQiU2VrVeEQBrsATewqYl8+Fn3GBFrDurMk7cF6Sx2jjJLpPrF8YyGNApnfSTb0QThy9HVm3QecJbkTPtZ82QIdgwK\/sIqEIKJdajBG7e3d4TiNWFgB4M2RGJ3YnshQHAXmYn0bBxukwoCTDXs5yMs7APL\/Ju\/Fpl+FURsmWttsN4YDmJmJojOzNEX+dON8rUmWoJNFGB8R3Io2ZIW013yft6ePDZAojtZts1x1pzYRVjtWg0OcHIhHH548VBid2VEONIA+9gz1qXut\/5FbQV40cqf1znvJvhIVBZgcuhd+z1d4wMEPki7HV5awsr9qnLekbkiqmpEOcm5pDrqMEHWFJqCtw9aV\/mfRebwi18dsdUOUv52zqldYq9NzKDI2GUUUCh3QGkg73KfEDkrTM4SzBC26SZVPFUWTIXTPE082y+Kax9JnP3BaU+Domvd0qLl36Eyl6GG2\/2m2ol8ui+714BiX96uJ7L7gJ8bK+k1XMFRN7yEu1n8ULKGWwcsBw1rQbA3mEeInR9X9dc2GlWwe9BG3biuipxfzC4V4UBfE9SBvV42unhp0NzZV5Pbb+QUe40ykMQeVVMrFOwUZtXcjVHYhgIA8aIJJB8Y2LKyO6DyHbYnS8ngwl6VfyN8Tnt1F4U1ewOLusApKYJcYZ2LwKQY6+KQ6xGCQnZJFMcyC4fIFruLrW6EWes\/OY7GYe2kAMgXWeJ5JYxVC557j0KLcOBJmQ6l2nHYTtoOxHhnu\/Nml9cXg3f6XWoswA65mhp8mPbqVggXB\/far8c8PhZqz5wy1L7ZNOfGcUrf82ugWM\/7qHFXVlJmW+mSeeST8L\/M50mLJkvpus3bnjsh4xHU9n5uVXCGarBurcpMvwDExLR+bsCmMrFXShf8Jcqv9VyQhwJLOmeBSIjG+EPCcAGl+QdoWMtqxkAv\/jDMtZmcpsbCIpF++zuPXO2YxrjTZA2Jiphi9g5ZHASil+w5VLHtZsedGzUB1HSRJPLV129LbHANN3kTAxl4kjdcDug1RgVhFW3perlmggKgWUy4yKroXGMYReGjoAQCTQih7zpWKX3O7qIom2r5K6B\/HiK0g8xZrV5gGoaBX7mbApqXdzNtld4ItSEdzo3zg23DFqHFERprT0e50HOx\/L6YM6aTmb7LAddBLrrA7YxWvZkHR2xCwQHGFU66o7TEfhZpDE2byqTA5g4DGAtMwLS4GzKU0qCs0YJZ\/vcHKNfe42Nqy4AqRAKHz2y2DjipSO5H4sFRY4liuyAm+KfWO8+msWgN\/mG46c9EKTJAg90OyGXDu4N7p7EeaNOeWAHo\/tOIUpIb7vGdxbpmUNLPaFywdg1+n9KpsbL63fpDuGHFV8TmSagofRnVckgHdDDrx4jv+zTg0EePZvDKaHHUMj4lnuoTSwoCVwRgsZ16VcO4oh7RlXo0dYuNqsn\/BqDVNjTgfj8unXw\/\/CRUqj0egXJL5UGZU\/BKGNan5q19L1b0uKnv6FV9oh9N8SVOnmYhPyuQFFlSoi\/FHCO+yvL\/3NmH\/j1QIA9k5sBbt5A5PcdFR4ggxni5VCSPNO8IfCEEol9XIK3EBDOh675BdyVVFsbQmIvDWw9sgSHFG68a6327m8qYXNIXaz7oYJ8VmXTqOKxq1Mvlo43EgsxfPxSLviEFThToWwV35beO\/j54PxUx\/Df6sBtIAat+bNzHsv1wz4gW1rg6OBar97xWbrErrugdJxRvSaHjuJwjs2fVYMOfHbvcltfUHvceWef35LLfi0E75zEWRl\/yf8j\/iGIdUTMPOMj7wB7J6G2tcuiZQKlSlAx6N+U4W0pzUx\/iSrUPR1ZOl1VJGtmXGj","iv":"4c6d65d19da9dbc2d0f5a65463d59cda","s":"dda2e7840cee4f37"}
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