Tag: intergenerational wealth
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…
Robin Valentine with son, Alexander, and daughter Alanna. There is joy in owning one’s first home. But homeownership has a deeper meaning for Robin Valentine. Unlike her late mother, who was unable to leave any money to her children, Valentine will one day pass on the house that she purchased last September to her thr…
