The Demographics of Intergenerational Transmission of Wealth: An Empirical Study of Testacy and Intestacy on Family Property

47 Pages Posted: 5 Aug 2020 Last revised: 13 May 2021

See all articles by Danaya C. Wright

Danaya C. Wright

University of Florida Levin College of Law

Date Written: August 5, 2020

Abstract

In this article, I analyze many of the differences between testate and intestate decedents and suggest areas of concern for law- and policy-makers, as well as practicing lawyers and financial planners. Identifying the right demographic at risk for wealth deterioration may allow for interventions that can slow or reverse the widening wealth gap and ultimately help the next few generations build economically stable lives. To that end, I discuss how a number of demographic differences (wealth, age, race, sex, and marital status) affect the downward trajectory of certain groups and the upward trajectory of others.

Suggested Citation

Wright, Danaya C., The Demographics of Intergenerational Transmission of Wealth: An Empirical Study of Testacy and Intestacy on Family Property (August 5, 2020). 88 UMKC L. Rev. 665 (2020), University of Florida Levin College of Law Research Paper No. 20-34, Available at SSRN: https://ssrn.com/abstract=3667903

Danaya C. Wright (Contact Author)

University of Florida Levin College of Law ( email )

P.O. Box 117625
Gainesville, FL 32611-7625
United States
352-273-0946 (Phone)
352-392-3005 (Fax)

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