The Biblical Perspectives on Inheritance and Wealth Transfer

From the patriarchs of the Old Testament to the teachings of Jesus in the New Testament, the Bible offers profound insights into the topics of inheritance and wealth transfer. For Christian investors, these teachings provide a framework for stewarding resources in ways that honor God and bless future generations.

Old Testament Foundations

In the Old Testament, inheritance is closely tied to God’s covenant promises. For instance, the land of Canaan was a divine inheritance given to the Israelites (Genesis 12:7; Joshua 1:6). This inheritance was meant to be passed down through generations, reflecting God’s enduring faithfulness.

Proverbs also speaks extensively about the wisdom of planning for future generations. Proverbs 13:22 states, “A good man leaves an inheritance to his children’s children.” This verse highlights the value of foresight and the responsibility to provide for one’s descendants. However, the Bible also warns against the misuse of wealth. Ecclesiastes 5:10 reminds us that “Whoever loves money never has enough; whoever loves wealth is never satisfied with their income.”

New Testament Principles

In the New Testament, Jesus and the apostles shift the focus toward eternal perspectives on wealth. Jesus teaches that our true treasures should be stored in heaven, not on earth (Matthew 6:19-21). While financial planning and inheritance are not dismissed, they are placed within the broader context of living generously and serving God’s kingdom.

The parable of the rich fool (Luke 12:13-21) serves as a stark warning. Here, Jesus illustrates the folly of hoarding wealth without considering God’s purposes. The apostle Paul echoes this in 1 Timothy 6:17-19, urging the wealthy to “do good, to be rich in good deeds, and to be generous and willing to share.”

Preparing Financially and Spiritually to Leave a LegacyLeaving a meaningful legacy requires intentional preparation that encompasses both financial and spiritual dimensions. Here are key steps to consider:

1. Develop a Stewardship Mindset Recognize that everything we have belongs to God (Psalm 24:1). Approach financial planning as an act of stewardship, seeking to manage resources in ways that reflect God’s priorities and glorify Him.

2. Create a Financial Plan Work with trusted advisors to create a comprehensive estate plan. This includes drafting a will, establishing trusts if necessary, and ensuring that your assets are distributed according to your values. Consider how your financial legacy may support ministries, charities, or causes that align with your faith.

3. Impart Values to Future Generations An inheritance is more than material wealth. Invest time in teaching your children and grandchildren about faith, financial stewardship, and generosity. Share your life experiences and the lessons you’ve learned about trusting God with your resources.

4. Prioritize Generosity Follow biblical principles of giving, as Paul advises in 2 Corinthians 9:6-7. Include generosity in your financial plans by designating a portion of your estate to bless others, whether through direct gifts, charitable donations, or community support.

5. Seek Eternal Impact Align your legacy with eternal priorities. Jesus reminds us in Matthew 6:19-21 to store up treasures in heaven. Reflect on how your financial and spiritual legacy may advance God’s kingdom and inspire others to live out their faith.

Preparing to leave a legacy involves more than financial planning—it’s an opportunity to reflect your faith, values, and love for God and others. By taking intentional steps to align your plans with biblical principles, you may create a lasting impact that honors God and blesses future generations. For personalized guidance on faith-based financial planning and wealth transfer strategies, reach out to Stonecrop Wealth Advisors at info@stonecropadvisors.com.