This is such a sensitive topic. Parents worry about giving too much too early, that it may disincentivize their kids. That it may make it harder for the kids to become fully independent. And, that while there are multiple resources for many things when you're young, if you run out of money when you're old, at best you'll become a burden on your kids. You correctly caveat that you mean cases where the parents are wealthy enough, but unless they have so much money that they can't run out (maybe 0.1% - 0.5% of people), that's a risky assessment to make. The bottom line question in these situations is how to balance the risks so you don't make the situation worse in the long run by making the wrong choice now.