Writing a will could help close the racial wealth gap, a recent study from the Center for Retirement Research (CRR) at Boston College suggests. The study found that the racial wealth gap could be reduced by 10% over three generations if Black households wrote wills at the same rate as their white counterparts.

Yahoo Finance Senior Columnist Janna Herron joins Brad Smith on Wealth! to dive deeper into the study's findings and ways to mitigate the problem.

Read Janna Herron's latest article on the topic.

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

This post was written by Naomi Buchanan.