A good man leaves an inheritance to his children's children... (Proverbs 13:33)
It is a good thing to leave a financial inheritance to our children. It is a better thing to leave a legacy inheritance to them. Unless it is a living trust, we cannot leave a financial inheritance to our children until we die. However, we can leave a legacy to them while we live. Allow me to make a distinction between a legacy and an inheritance. An inheritance is something that we leave to an heir. It can be left regardless of whether or not the inheritor merits the inheritance. A legacy on the other hand is that which is imparted to the character of its heir. A legacy must not only be imparted; it must likewise be received and maintained. An inheritance can be easily squandered. Because a legacy is based on character, it is not easily wasted or lost. Furthermore, we can see the fruit of the legacy we impart, not so with an inheritance left. A financial inheritance is good, but a legacy inheritance is better.