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Reply to "No next generation for which to build generational wealth"
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[quote=Anonymous]Wealth has value whether or not it goes to descendants. No need to label it as "generational". It's merely accumulated assets, which you can dispose of as you see fit. Buy a ticket on Virgin Galactic if you want. Donate it all to charities you favor. You can also pass it all to your daughter, knowing she will have no descendants, and she can decide how to dispose of it once it's hers to do with as she likes. If you've instilled your values in her, presumably she'll do good things with it. If you lack confidence in what she'll do with the money, create a trust for her benefit during her lifetime and then have the remainder distributed according to your values. [/quote]
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