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Wealth management

Report: Spontaneous family wealth chats and decisions can lead to regrets

November 2, 2023

Many families dive in without a plan, process or skills to make well-intended conversations about wealth productive – leading to unintended stress, potential family rifts and under-functioning heirs. Image: Bank of America Many families dive in without a plan, process or skills to make well-intended conversations about wealth productive – leading to unintended stress, potential family rifts and under-functioning heirs. Image: Bank of America

 

By Staff reports

Nearly four in five wealthy families have had unplanned discussions about wealth, with 26 percent later regretting it.

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MOST READ
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  4. Mediterranean travel shifting away from high-speed itineraries: report
  5. Why luxury brands must pay attention to the branded residences opportunity: report
  6. Webinar June 26: What are the Secrets of Top Luxury Real Estate Agents?
  7. Only 5 days left! Register now for Luxury Roundtable's real estate summit
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