As someone who was given a trust in the tens of thousands range and will be giving a trust to my child (due to my mother starting an account just like my grandparents did), I think I have good insight into this. I was aware there was going to be money coming my way growing up but I was never told the amount nor was I told it was in that range. Mine was an account that was in investments and my mom had control until I turned 21 and then I took over as account holder. I have taken about $30k out of it to help with a down payment and the rest is still there, growing, and I'm almost 30 now. My brother spent all of his (which was larger) in a couple years.

My advice: when your child is hitting the age when they start asking for money to buy things (not just asking for stuff, but specifically the money), sit them down and explain to them that at ____ date, they will be receiving a trust. That there is enough money to help out with buying a car, or for a down payment, or with college, or traveling, etc. Explain that the money is not enough to cover all of these things or even some of them in full. Talk to them every so often about the importance of saving their own money for what they want (and go more in depth the older they get). When they are old enough, have them get a job and save that money and show them how long it takes to save money. Explain that when they are an adult they won't be able to save all their money, that __% will go to rent and food and insurance (or w.e.).

Basically, let them know about it early, but only explain as much as someone their age needs to know. Make it an ongoing conversation. Do not allow them to fantasize about coming into millions of dollars and getting to be a tiktok star (or w.e. is the fad in 10 years) because they misinterpreted how much they are getting.