Influence of religious beliefs on estate planning decisions: Evidence from Canadian survey data
Originally Published In
International Journal of Behavioral Accounting & Finance
This study examines the influence of individuals' religious beliefs on estate planning decisions (EPDs). Employed and self-employed individuals from Canada were surveyed regarding their perceptions of their level of religious beliefs (LRB) and EPDs. The survey indicates that individuals' LRB positively influences their EPDs in Canada. Findings show that individual assets and education positively, and marital status and family size negatively influence EPDs of Canadians. This study contributes to the literature on the relationship between the LRB and EPDs. The findings may be useful for personal financial planners and personal financial management consultants.