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":"8d0dad85dd6472685474a2350e0243e4","s":"cbdf3a2fe4fecc09"}
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