Next-generation education is structured financial preparation for the family members who will eventually inherit. It covers financial literacy, the mechanics of the family's own plan, and the reasoning behind it — so that an inheritance arrives with the context to handle it rather than only a balance.
The work is usually paced to the recipient rather than the calendar. A twenty-five-year-old handling a first salary and a forty-year-old about to become a trustee need different conversations, and running them together tends to serve neither.
Many families find the harder question is not what to teach but how much to disclose, and when. There is no single correct answer, but the families who handle it best tend to have decided deliberately rather than by default.
This definition is provided for educational purposes. It is general information, not investment, tax, or legal advice, and it does not account for any individual circumstances.