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":"937570904c3fa76f2a1cd479add82acb","s":"8b22522c8e1a0525"}
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