NPR.
There's all this money moving through the economy,
and a big chunk of it comes from someplace we don't talk about that much.
It's money that's inherited or passed down or whatever you want to call it.
Over about the next quarter century, $124 trillion is expected to change hands that way.
That's like...
Five times the size of the GDP.
Now, that money is supposed to end up in very specific hands.
$18 trillion is expected to go to charity.
$40 trillion to widowed women, baby boomer and older.
Millennials, you can expect the most at $46 trillion.
And which groups get the money could have all these implications for how it's invested or spent.
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.
Everybody focuses on estate planning.
They focus on preservation of the wealth.
They focus on tax strategies.
They focus on growing the wealth.