Although 52% of high net-worth (HNW) Canadians have a will in place, only 22% have a full estate planning strategy, according to a new study from Toronto-based Royal Bank of Canada’s (RBC) wealth-management arm.

The 2017 Wealth Transfer report indicates that HNW Canadians are underprepared for an estimated $400-billion worth in inheritance that’s likely to occur within the next generation.