The heirs of high net worth individuals aren't interested in the fancy art or antiques that their parents pass to them.
A new UBS Investor Watch Report titled "For Love Not Money," showed that 65% of heirs don't plan on keeping inherited collections.
"It might be worthwhile for the people who created the collection to also figure out how to disperse of it when they pass on instead of leaving it up to their heirs," said Michael Crook, Managing Director and Head Ultra High Net Worth Strategy, US Chief Investment Office at UBS Americas.
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