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.