A couple with a household net worth of $11 million wonders how much to leave their kids, considering they live modestly. They aim to increase charitable giving and plan exciting travel. They seek advice on what to do with their excess wealth, as they value simplicity and are unsure of their financial future.

Financial security shouldn’t change who you are. Having $11 million offers more choices, including whether to work, reward children, or focus on housing/education costs. It’s liberating to not flaunt wealth on social media and focus on personal values, charity, or creating a lasting impact for future generations.

Establishing trusts and donor-advised funds can help organize wealth distribution to children and charities. Dynasty trusts offer tax-efficient ways to pass wealth and continue doing good work beyond your lifetime. Consider personal involvement in local charities, sponsoring education, or setting up retreats for artists and writers.

The era of accumulation is over for a couple with $11 million. This should be an exciting time to plan for the future, including long-term care and estate planning. Embrace the opportunity to make a lasting impact with your wealth, while considering your values and priorities.

Read more at Yahoo Finance: My wife and I are in our 50s and have $11 million. We’re not leaving it to our kids. Is that wrong?