Most of what I got was from my maternal grandfather, as my paternal grandfather died before I was born, my maternal grandmother died when I was five, and my paternal grandmother did not give up most of her stuff before she died.
I remember getting a Leatherman multi-purpose tool from him when I was in high school. I still have it and use it to this day.
Getting my license coincided nicely (some might argue a little earlier would have been better) with the time my parents were trying to get my grandfather to give up driving, being that he was close to 90 at the time. They finally convinced him by arguing that it would give me a car. He agreed and I inherited his 13 year old car.
A year or so later, they moved him to a nursing home, as he was unable to care for himself. Eventually, my mother and uncle came to understand that he would never be coming back to live in the house (again, he was around 90 years old at the time). They decided to sell the house and we went through it. In going through his attic, I immediately spotted and claimed his Harvard Classics
set that started in 1909. I have them on a bookshelf now and, considering they are over a hundred years old, most of them are in pretty decent condition.
My parents already spend everything on their children and grandchildren. They won't have anything left. Which is the way it should be.
As in my case, it's not necessarily monetary gifts. It's items that have been in their possession that they would rather see passed on before they die or are incapable of using.