Anyone “taking advantage” of the tax free max giving to kids (ie, 28m)? Advisors like it but I think it would be bad for kids?

Title is the meat of the question. Even though it’s tax advantaged, giving 28m to someone under 30 seems like it would have a non-0 chance of really messing up their life, sense of worth, and motivation/sense of accomplishment. Would love to hear counter views. (Kids are college and hs)

I plan to help kids with houses, etc. Help launch business ventures (ideally as 0% loans) if they want, and generally be a safety net while allowing them to feel accomplishment.

Maybe people do it as a trust with strings? Curious what UHNW on here have done/considered.

The advisors are always “this may go away next year, should do this now” and seem more concerned with avoiding taxes than maybe screwing up kids. I hate estate tax as much as the next guy… but if someone gave me 28m at 21… Jesus who knows what I would have done. Crash my jet of hookers into a mountain in bad weather? Shrug.

Thanks for any thoughts and insights.