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Lumifer comments on Open thread, 11-17 August 2014 - Less Wrong Discussion
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Is there an exception for real estate? I'm thinking both "regular" houses (reverse mortgages are uncommon) and, in particular, things like summer houses and farmland which tend to stay in the family.
I agree that the desire to leave behind a large bank account is... not widespread, but land and houses look sticky to me.
Farmland is far closer to a business asset and ends up treated the same as any other economic asset. Of course in farming there is a higher ratio of dynasty minded families (function of this province's immigration history and strong east-european cultural backgrounds).
I see what you mean about personal homes and personal land. There may be a mental division between economic assets, which shall not be given only sold, personal assets which are gifted away. This is a gap in my knowledge, It appears I need to spend more time with close to retirement, independently wealthy individuals.