January 22, 2026
J.P. Morgan’s Paris offices. Image credit: J.P. Morgan
Ahead of the largest wealth transfer in history, UHNW families are facing major succession planning challenges.
{“ct”:”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”,”iv”:”838fc661399f044462c8e58fd6102316″,”s”:”3b126d453806bdf8″}

