1. Gift your children each year. Your children enjoy your money within your lifetime while you have the opportunity to gauge how grown and responsible they have become.
2. Give your children something tangible. The most common example is house.
3. Create a charitable foundation and leave it behind to your children for them to manage.
4. Create a trust fund only for the most relevant stuff like education or home.
5. Leave money to a charitable remainder trust. Your children will enjoy income for the rest of their lives. The charities get the balance when your children opt to pass.
6. Secure some 529 plans for your children. Most likely, this money will be used for education.
7. Leave some money to your children. You may do it equally or unequally. Be sure to let everyone understand your point when you do unequal distribution. Leave a larger chunk of your wealth to charities. Again, let your children know about it.