1. What do you value?
Before you start planning the transfer and distribution of your property to the children, it is good to start by thinking what you personally consider important.
Think about how and where you would like to live out your days. If you are used to living in a single-family detached house, it is worth considering how your own capabilities and money will suffice taking care of the home, alone or together.
With age, health-related expenses usually take up an increasing part of your money, which is worth considering when planning the economy. The cost of care during the last years of life may take many by surprise.
Only after you have your own plan for a good life in order can you think about whom you want to give money to during your life and whether you want to leave assets to the younger generations or to a cause important to you.