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":"a6cdf78c0cae109ad56b68872ac7bc3c","s":"e38b0a3dcfc8f789"}
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