Tag: intergenerational wealth transfers

Real estate agent and customer signing contract to buy house

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.  But by age 70, only 67 percent of households have a will, and that share is much lower for less wealthy households and for Black and Hispanic households.&nbs…

Group of older friends sitting on a couch looking at a tablet

This blog post reports on the results of a survey that asked participants whether or not they have a will and why.  Next week’s post will present the results of an experiment, for those without a will, to determine whether combining will-writing with the mortgage process – NOT a really good idea – would encourag…