A super-duper first-world problem incoming. My spouse and I ( 51 and 59) have a household net worth of around $11 million, which includes oversized college funds for our two teenagers. We have retired from full-time work, although one of us does some 1099 work.

We recently bought a nicer home (and its value is included in that net worth). We’re trying to increase our charitable donations and plan some exciting travel for the summer and our upcoming empty-nest lives, but none of that is likely to make a big dent in our savings.

There’s no need to leave the kids more than $1 million to $2 million each (or spending equivalent at the time they inherit). What do other people spend their money on? We don’t want a boat or a second home (unless they would magically maintain themselves without headaches)

Do we find one cause or charity or political movement? Am I delusional in thinking that even though we have too much, we should hold onto it all because we may need it in our old age? My spouse’s parents were in their 90s when they passed away and my mother is 79.

We live very modestly, which is fine; that’s our nature. What should we do?

Happily Married

Related: My husband owns substantial properties, purchased before our marriage. If he sells them, will I get half if we divorce?

Financial security shouldn’t change who you are. Even though you’ve got 11 million reasons to feel smug as well as secure, I like that you’re not into showboating your wealth or acquiring a lifestyle to which you would both like to become accustomed.

You’re the same people with $11 as you are with $11 million, except you have more choices now, including whether to work or not and whether or not to reward your children with enough money so they never have to work. Housing and education will be their biggest expenses.

There’s something freeing and life-affirming about a person who doesn’t feel compelled to share every vacation and dinner plate on social media, who doesn’t need the clicks and likes in order to get up in the morning and feel great about their life and the day ahead.

In 2025, you can give any third parties up to $19,000 each in a single tax year without having to give a taxable gift ($38,000 for spouses). Wealthy families can gift money freely without any major tax consequences: The lifetime gift/estate tax exemption is currently $13.99 million.

As much as you (and I) will get pushback for your letter — accusations of humblebragging and “rich people’s problems” — and as much as I endeavor to answer letters from all walks of life economically, it’s easy to forget we are all alike, despite our bank balances.

What truly makes us different is our values. Some people value charity and fundraising and allowing their kids to find their own way in life, while others value vacations and fancy schools and property, and making sure everyone knows about it.

Related: ‘He cannot match my spending’: I’m 65 and have $7 million. My boyfriend is 73. Should he release equity from his home so we can enjoy retirement?

This is a good time to put your assets in revocable and/or irrevocable trusts, so you can organize your distributions to your children and to charities. What are the causes close to your heart? Animals? Mental health? Democracy? The environment? Cures for cancer?

You obviously have some kind of independent health insurance policy if you have both stopped working, but this is also a good time to plan for your long-term care. Medicare, as you may be aware, will not pay for long-term custodial care.

Consider setting up a donor-advised fund: a charitable investment account that offers tax deductions for donating cash, securities or other assets to a sponsoring organization. But you are also trusting the fund to distribute your contributions in a timely manner. 

You may get the biggest reward by becoming personally involved in a local charity or charities. Given that you don’t see the advantage of handing your children a multimillion-dollar fortune to sit on their laurels, you can also sponsor other people’s education.

Do you love literature or art? You could establish a retreat for writers and/or artists to visit either at a low cost or free of charge, based on their body of work. That sounds like more work, granted, but it illustrates the possibility of personal as well as financial investment.

You could renovate your existing home to make every day feel like a vacation. Some home-exchange sites have high-end houseswapping, if staying in a five-star hotel is not your cup of tea. Or try more expensive National Geographic Expeditions.

Related: I have early Alzheimer’s and my husband has stage 4 kidney disease. We just inherited $50K. How can this help us?

Charles Schwab SCHW advocates for “dynasty trusts” for wealthy families to organize tax-efficient ways to distribute their wealth. The beauty of these trusts is that they can continue to do your good work long after you’re gone.

These are all-encompassing estate-planning vehicles. “A dynasty trust can be funded with almost any type of asset or property, including cash, investments, real estate, business interests, and valuable personal property,” Charles Schwab says.

“Grantors looking to lower their taxable estate and slow its growth often elect to transfer assets with high growth potential,” it adds. “By contrast, those more concerned with reducing income tax for their heirs tend to fund their dynasty trusts with cash or tax-efficient assets.”

Read: How to break the cycle of entitlement so your heirs value their privilege — and your money

Some states limit the lifespan of a trust, but others — among them Alaska, Delaware, Illinois, Missouri, New Hampshire, Ohio, Rhode Island and South Dakota — all allow the trust to exist in perpetuity. So where the trust/trustee is based is important.

“To help extend the life of their legacy, a trust’s grantor can set certain rules for how the trust funds may be used,” Charles Schwab says. “Grantors commonly limit distributions to funds used for the health, education, maintenance, and support of the beneficiaries.”

What’s more, a grantor (you and your wife, in this case) may add additional incentives, such as authorizing the trustee to make distributions each time a beneficiary is awarded a degree from an accredited institution for higher education, it adds.

Your era of accumulation is effectively over. This should be an exciting time.

Related: ‘My retirement is going to be a disaster’: I’m 59 and have $45,000 in my 401(k). I earn $72,000. Am I doomed?

The Moneyist regrets he cannot reply to questions individually.

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I have early Alzheimer’s and my husband has stage 4 kidney disease. We just inherited $50K. How can this help us?