What Do Heirs Say
About Their Inheritance?
Imagine inheriting a large sum of money and having no idea how to manage it. Forget feeling empowered—you’re disoriented, overwhelmed and uncertain about your next move.
It’s not a far-fetched scenario: According to a 2022 Northwestern Mutual survey of wealthy Americans, a majority of future heirs say the details of their inheritance are murky at best. Why? Most families aren’t discussing their legacy plans—and those that do say conversations are spotty and vague, leaving beneficiaries unprepared for future financial decisions.
40%
35%
12%
8%
3%
I have a vague idea but don't know the details
I mostly know what I'm getting
I know exactly what I'm getting
I don't know much about what I'm getting
I don't know anything other than that
they plan to give me something
Source: Northwestern Mutual