The simplest way to put it is that it includes any financial resources you give to your children, their children, and beyond.
As they get older, lessons about saving money, planning for the future, and safely using debit or credit cards can help make sure they have a good foundation for independence.
Even small gestures to make sure they know you care can help them feel more comfortable asking for help, saving them from falling deeper into a financial hole.
The most obvious way of building wealth is to save as much money as you can, as often as you can. The more money you have, the more assets you’ll have available to give to your children.
At a minimum, you should make sure you have a will that outlines where your money is and how you’d like your money to be allocated after you die.