What will you leave to the next generation—and will they be prepared to steward it well?
A faithful wealth transfer involves more than deciding who gets what. It means thinking carefully about the people who will receive those resources and whether they have the wisdom, maturity, and spiritual foundation to handle them faithfully.
Dr. Kelly Rush, Professor of Finance, Financial Planning Program Coordinator, and Chair of Business and Technology at Mount Vernon Nazarene University, points to David and Solomon as a compelling biblical example. Rush, who also serves on the board of Kingdom Advisors, says David did more than accumulate resources for his son. He prepared Solomon for both great wealth and great responsibility.
David knew Solomon would eventually build the temple in Jerusalem. So before transferring tremendous resources, David helped prepare his son for the work ahead.
His example offers families four important principles for thinking about wealth transfer today.