meta_pixel
Tapesearch Logo
Log in
The Indicator from Planet Money

Who should get mom's ring?

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 3 June 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

By 2048, more than $100 trillion is expected to be inherited, or passed down from one family member to another. But a lot of the time, the money doesn't end up where it's intended. On today's show, we navigate the thornier questions in estate planning.

Related episodes:
What women want (to invest in)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by
Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0

NPR. There's all this money moving through the economy, and a big chunk of it comes from

0:16.2

someplace we don't talk about that much. It's money that's inherited or passed down or whatever you want to call it.

0:22.6

Over about the next quarter century, $124 trillion is expected to change hands that way.

0:29.4

That's like five times the size of the GDP.

0:32.3

Now, that money is supposed to end up in very specific hands.

0:36.0

$18 trillion is expected to go to charity,

0:39.0

$40 trillion to widowed women, baby boomer and older.

0:42.7

Millennials, you can expect the most at $46 trillion.

0:46.1

And which groups get the money could have all these implications for how it's invested or spent.

0:51.0

But most of the time, those transfers don't happen successfully. There's this one thing that seems to keep tripping families up every time. A focus on assets, not relationships.

1:04.1

Everybody focuses on estate planning. They focus on preservation of the wealth. They focus on tax strategies. They focus on growing the wealth.

1:12.5

But yet the biggest risk is often the family itself.

1:18.7

You know, when you don't talk to your loved ones about death and money, these super popular

1:24.4

subjects. So much fun. It's a romp. This is the indicator from Planet Money. I'm

1:29.3

Waylon Wong. And I'm Sally Herships. Thanks for having me back. Today on the show, we look at the

1:34.7

uncomfortable side of estate planning and what happens when it's overlooked.

1:40.9

Really? Come on, let's go.

1:46.0

Hear that? That's the sound of my customers leaving.

1:49.8

When your broadband doesn't work, neither does your business.

1:53.1

Will Sky Business keep me up and running, no matter what?

1:56.3

With 4G backup and our stay connected guarantee, better believe it.

2:00.5

Let our dedicated Sky Business team handle your switch today. 4G backup and our stay connected guarantee, better believe it.

...

Transcript will be available on the free plan in 1 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from NPR, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of NPR and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.