<prompt> Human: EDIT: Thank you all very much for the advice, more than I could have hoped for. Those of you with similar situations, thank you very much for your honesty; the experience is invaluable.Recently, my parents announced that they had opened an account for my 3-year-old son that will grow 28,000 annually the maximum non-taxable gift amount between both of them, effectively paying for college and giving him over a half-million dollars to do with as he wishes once he reaches adulthood. Additionally, my father stated that my son and any additional grandchildren that may come from my siblings or me will be the primary benefactors to his enormous wealth. Which means that there is a strong likelihood that he will have access to tens of millions of dollars when he grows up, if not significantly more. It sounds like their intentions are to make this money available to him at the outset.How do I teach my son modesty in the face of whats to come? If I dont tell him until hes almost old enough to receive it, he may resent the deception; but if he is made aware of it at a young age, he may develop a superiority complex or even collapse under the weight of the overwhelming circumstances. I dont want to raise someone who thinks he can have it all without earning it, but that doesnt change the fact that that is his apparent new reality, at least eventually.Im still wrapping my head around all of this, so I apologize if I dont sound very coherent. Im not sure what kind of advice can be offered, but any input would be greatly appreciated. Hes young enough that we have time to carefully consider how we will handle this, thankfully, but it feels like the pressure has suddenly gone up dramatically.Edit - corrected the college fund amount, its 28,000 14,000 per parent annually, not 14,000.  <response>: One of my friends in university was a trust fund kid with a fund roughly similar to your sons 250K also provided by her grandfather. The money was supposed to go towards her education. She ended up failing out of school sophomore year and moved to a big city. From the sounds of it she manipulated her mother to take more and more money out of the fund until 2008 hit and it was almost completely exhausted. I sometimes heard her arguing with her mom on the phone about how it was her money and shed always some justification on why the money she needed was somehow connected to what her grandfather wanted. I understand why your nervous about this gift. I feel like it makes the relationship you have with your kids much more complicated.edit: a bunch of grammatical mistakes! 