I believe the older generation wants us to have their fancy heirlooms - 12 piece dining room sets, silverware, china, their most giant gaudy antique armoire.
Converelsy, what I have tried to instill in my parents as they downsize their belongings is that I want the practical stuff they used every day. A quality set of dishes (not china!) - my mom's chemex. What's left of their old solid-wood furniture. That stuff has value to me - it was made differently - better quality, thicker, etc. Items that were part of pomp and circumstance used once or twice a year back then don't interest me.