LW specifically mentioned the money is for the kids and their spouses: I have decided to give a sizable cash gift to each of my children and their spouses each year.
I think your answer makes more sense, though: Give it to just the kids, and not kids + spouses, and it solves the worries LW has about where the money goes. I do like the alternate option of "If you have/are having kids, money goes to them, otherwise it goes to you + spouse." Money goes to grandkids via trust, college fund, or other options.
If this is the US: A retirement savings plan for the grandkids wouldn't be a terrible idea, either. Not everyone goes to college, but we're all (hopefully) going to get old and want to retire some day. We've heard for generations about how social security is dwindling, and future generations have to be at least 67 years old to access it.
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I think your answer makes more sense, though: Give it to just the kids, and not kids + spouses, and it solves the worries LW has about where the money goes. I do like the alternate option of "If you have/are having kids, money goes to them, otherwise it goes to you + spouse." Money goes to grandkids via trust, college fund, or other options.
If this is the US: A retirement savings plan for the grandkids wouldn't be a terrible idea, either. Not everyone goes to college, but we're all (hopefully) going to get old and want to retire some day. We've heard for generations about how social security is dwindling, and future generations have to be at least 67 years old to access it.