financial legacy
Wealth passed down
Financial legacy is the wealth, assets, and monetary arrangements a person leaves behind after death.
This includes inheritances, trusts, investments, and debts passed to heirs or institutions.
The term often carries aspirational weight—parents speak of building a financial legacy for their children, suggesting not just money but lasting security.
A financial legacy can also include intangibles like financial habits, values about money, or business relationships that survive the original holder.
- willFaculty of deliberate choice
- living trustModifiable estate planning document
- passing downGiving to successors
- old moneyLong-established family fortune
- philanthropyGenerous giving for others
charitable foundation · beneficiary · endowment · executor · estate tax · stewardship · generational wealth · nest egg · rainy day fund · succession planning · donor-advised fund · heirloom · community investment · probate · power of attorney · ethical investing · family values · bequest
financial legacyearned income
Pay from work
self-made wealth · wages · salary · sweat equity · new money
financial legacyfinancial ruin
Complete loss of wealth
debt burden · financial burden · bankruptcy · generational poverty
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