Inheritances and the Wealth Transfer in the 21st Century
For some time I have intuitively believed that because individuals are living longer that estate transfer values must be on the decline. I also believe this statement jives with Modigliani’s ‘life-cycle’ theory that essentially suggests that individuals accumulate capital primarily for retirement, not necessarily to create an ‘Estate’. Thomas Piketty, a Professor at the Paris School of Economics, recently authored a book ‘Capital in the Twenty First Century’. His book….
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Estate Planning