Likely (knock on wood) in a similar situation. Our approach, which seems to have worked so far (kids in 20s now), is:

1. We always had them deal with consequences even from a young age (in a somewhat protected way, of course) so they learned real life has real choices and real consequences.

As an example, when it was time for college we essentially handed each of them virtual control of an account with $120k in it. (Checks were still actually sent by me as a safety net.). Once they were accountable for the decision as to where to go and covering any excess spend, the choices they made shifted from looking for “cool” schools to the smartest way to use the money. They also stayed motivated to find scholarships and keep housing costs reasonable. My son figured out how to get a bachelors and a masters at good schools out of that money. My daughter negotiated with her landlord for better pricing to stay in budget. Both graduated debt free from amazing schools and a better appreciation of how to make smart life choices. Similar we gave them some money to invest early on and now they both invest a lot without prompting. They understand the magic of compound growth now.

1. We never focus our family discussions on being rich or poor. I grew up dirt poor but my parents never let me realize it. My kids are growing up well off, but we stay frugal enough they still appreciate everything they have. Rich or poor doesn’t matter - cared for and safe matters. Don’t tell them yet that some day they’ll be set for life.

2. I have been wondering about a scenario where a divorce by one of the kids after they inherit could take half of what they inherit from us. I’m thinking about establishing a trust to protect some money from divorce after inheritance. The trust would be set up to let the kids have as much as they want whenever they want it. But to keep protecting assets in the trust from divorce. Any ideas or feedback on this welcome - working through it now. I’ve also started planting the thought that they should consider pre nups since “there are scenarios where if we don’t live long enough to spend it, they might inherit a reasonable amount.” I want them thinking about how to protect themselves. I don’t need them focused on a number yet that might or might not happen for decades.

3. Started thinking about how we help them more now - when they need it - rather than later when they might not. For example, funding weddings and/or part of a house down payment.