I made a paper wallet for my son and I deposit a smaller amount of Bitcoins there every month. I kept it in a secret place that only me and another person knows.
Oh this is a good idea

i could do this too for my children. Because now i just save it in a file and me is the only one who knows my password. I would share it to someone also so that if i die theres something who know my earnings and they can use it for my daughter.