If your children are dependent or semi dependent, aka, college, you should have term life insurance for the period of your life to make sure the expenses you planned on covering for them are covered.
The education you provide your children should start them far from 0. Actual inherited wealth of a vast sum nature is rarely a good thing for character, and often is counterproductive at making good humans.
Additionally, if it's actually inherited, they don't get it until their late 40s, 50s, 60s or 70s with modern lifespans of those rich enough to get constant good medical treatment. Additionally the pandering nature that can make relationships in the later years of a parents life who has money is not always the healthiest thing to inject into family life.
The education you provide your children should start them far from 0. Actual inherited wealth of a vast sum nature is rarely a good thing for character, and often is counterproductive at making good humans.
Additionally, if it's actually inherited, they don't get it until their late 40s, 50s, 60s or 70s with modern lifespans of those rich enough to get constant good medical treatment. Additionally the pandering nature that can make relationships in the later years of a parents life who has money is not always the healthiest thing to inject into family life.