Survey Finds 23% of Wealthy Families Don’t Tell Heirs How Rich They Are

Rich families across the globe are concerned about how to prepare their children to manage their wealth, but few are doing anything about it.

According to a survey by JPMorgan, 69% of ultra-wealthy families cite succession planning as a top priority. And yet, 29% do not have any plans to get the next generation ready. Worse, nearly a quarter (23%) hide the extent of their wealth from younger family members.