It is interesting to see that MP's are suggesting this planning strategy. It can not only help future generations have a little more financial stability when house prices are rising and university tuition fees increasing but can also help to save Inheritance Tax by skipping a generation.
If you don't need access to the funds from your parents, it should definitely be considered - albeit carefully and ensuring that you take into account the personalities of those who may be left assets.
Planning for the future as a whole family is key for all involved.
The housing minister, Gavin Barwell, has suggested that parents should leave their houses and savings to their grandchildren rather than their children to help them get on the housing ladder. Barwell made the call for pensioners to skip a generation when writing their wills as he revealed that his 75-year-old mother had chosen to leave her £700,000 house in Croydon to her five grandchildren rather than himself and his brother.