According to The Currency, a high-net-worth individual is one with $2.2 million or more in net worth or at least $1 million in liquid assets. Liquid assets generally include cash, stocks and bonds, mutual funds, etc., but not real estate and land. The U.S. has more high-net-worth individuals than any other country.
While high-net-worth individuals may have many advantages, when engaging in estate planning, there are more factors to consider to ensure assets are protected for future generations.