The big caveat to this is if it is a lot of money. If it more than a few million it should be passed down and someone can live off of interest and some good investments.

I know a guy who technically doesn’t have to work at all because his family has been passing down a huge amount of money though the generations. I guess his great great grandfather struck it rich and now everyone is set. How the fortune is maintained is though legal stuff tied to the money in the form of wills. Basically it prohibits crazy spending and sets rules.