Definition
Money and assets passed down from one generation to the next. It’s not just about having wealth now, but building a legacy for the future.
What to consider
- Think about how to build a legacy for your family.
- Plan early so that your wealth can benefit future generations.
- Share financial lessons to ensure lasting success.
Real world scenarios
- Andres invests in real estate, planning to hand down both properties and rental income streams to his children.
- Miriam’s family sets up college funds for each grandchild, planting early seeds of generational wealth and educational opportunities.
- Inheriting a family business, Felicity continues to grow its value, eventually passing it along to younger relatives.
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