Since we are talking about death and money in some of these threads I thought I'd throw this out there. My take is that you should make your own way in the world. Took a moral and social issues class years ago and thought about inheritance and how old money perpetuates. I'm not saying don't help your kids out, but for God's sake spend every penny you have. You can't take it with you and there is an accountability that goes with growing up, so there's no free lunch....AS for what to do with the money, I'm not sure, but I'm sure there are plenty of worthy causes it could be gifted to. By the way, I'm 25 and have basically said as much to my parents.