Archive: Jean-Pierre Aubry
Writing a will can improve the transmission of wealth across generations by preventing the dissipation of assets – such as a family home divided among multiple heirs – and by encouraging donors to save for their beneficiaries. Despite the advantages of having a will, the percentage of households with a will is surprisingly low…
Enthusiasm seems to be growing to reopen – or at least to stop closing and freezing – defined benefit retirement plans. The impetus comes from a more benign regulatory environment and the improved funded status of these plans, even before the recent rise in interest rates. Reopening plans allows employers to use surplus assets…
