Anything has more value to you if you have worked for it - if you have had to sacrifice something else to get it. Whether it is a qualification, health or wealth. Do you buy your kids a car, and then pay the rego or insurance? Or will they appreciate it more if they have to work to get it, either by getting a job or buying a bomb and working on it (or both).
Same with a house. Being given the deposit makes it worth less than if you save for the deposit yourself.
As for the difference between giving them $50k when they are 22, or them inheriting the same (inflation adjusted) amount when you die - hopefully they will be far more mature and less likely to fritter it away. Which is more likely if they had to earn everything in the first place .....
Many people NEVER reach financial maturity. Probably because they were never taught how to.
