DMCA
Inter-vivos transfers and exchange (2008)
| Venue: | Southern Economic Journal |
| Citations: | 10 - 0 self |
BibTeX
@ARTICLE{Norton08inter-vivostransfers,
author = {Edward C. Norton and Courtney H. Van Houtven},
title = {Inter-vivos transfers and exchange},
journal = {Southern Economic Journal},
year = {2008}
}
Share
 |
 |
 |
 |
||
OpenURL
Abstract
Most parents divide their bequests equally among their children, while inter-vivos transfers are usually unequal. We propose that exchange works better for inducing inter-vivos transfers than bequests. Inter-vivos trans-fers can be adjusted quickly to the amount of care, are less costly than writing a will, and can be kept secret from other family members and the public. The results from national longitudinal data show that, as ex-pected, if a parent gives any inter-vivos transfers, she is more likely to give to children who provide informal care. Informal care has no effect on the equality of intended bequests. 1 1
