Tag: inheritances
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…
We have been looking at the importance of wills in the transfer of wealth from one generation to another. Our most recent study, using data from the Health and Retirement Study (HRS), looks at the extent to which receiving an inheritance increases the likelihood of planning to leave a bequest and having a will, and…
