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Homeward BoundModern Families, Elder Care, and Loss$
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Amy Ziettlow and Naomi Cahn

Print publication date: 2017

Print ISBN-13: 9780190261092

Published to Oxford Scholarship Online: April 2017

DOI: 10.1093/acprof:oso/9780190261092.001.0001

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The Intricacies of Wealth Transfer

The Intricacies of Wealth Transfer

Chapter:
(p.121) 8 The Intricacies of Wealth Transfer
Source:
Homeward Bound
Author(s):

Amy Ziettlow

Naomi Cahn

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780190261092.003.0009

Chapter 8 explores how the inheritance process was handled, showing how those interviewed sorted through and allocated the deceased parent’s probate and non-probate assets. It explores the relationship between these formal and informal structures, it compares and contrasts the outcomes—and tensions—in the different family structures. The chapter first discusses what grown children valued and wanted to retain after the parent’s death. Although lawyers often speak of the “wealth transfer” process, those interviewed treasured many objects that had little economic worth but great sentimental value; consequently, we use the term “inheritance” as well as wealth transfer. The second part of the chapter turns to the actual distribution process, exploring how items were, or were not, transferred from the deceased parent to other family members.

Keywords:   inheritance, will, wealth transfer, family, death, probate, non-probate, will

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