High-Net-Worth Investors Share Longevity Concerns for Wealth Transfer Planning, per BofA
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A study by Bank of America finds that high-net-worth investors have concerns about longevity as it relates to wealth transfer planning. This concern is part of a larger trend of accelerating wealth transfer, which is making family finances more complex. The study's findings are being considered in the context of a significant shift in wealth, with some reports suggesting a massive transfer of wealth is underway, although details of the transfer's scope and impact are not entirely clear.
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