Archive: Jean-Pierre Aubry
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…
Writing a will can improve the transmission of wealth across generations, by preventing the dissipation of assets such as a family home when divided among multiple heirs, as well as, potentially, by focusing the mind of donors on their legacy and promoting savings. However, many individuals do not have a will, a particularly common situation…