“A good man leaves an inheritance to his children’s children.” Proverbs 13:22

gift by will especially of money or other personal property

A contract between yourself (licensor) and companies (licensee) where you give them the rights to manufacture, distribute, advertise and sell your product while you receive a percentage of the royalties.

A contractual payment by a person for the use of assets belonging to another person.

Generational wealth is essentially any kind of asset that is passed down from one generation to the next. This might include cash, investment funds, stocks and bonds, real estate properties, or even businesses.