Jim, I love this discussion. Each of my girls have tools from Grandpa and Grandma. I also have a few pieces still carved with my Dad's name, as well as my Grandad's calipers and compass from the 1940's. My husband has many tools from his Dad and mine -including huge old pipe wrenches.
One of our summer tasks will be to tease out all of the tools from their various toolboxes, bags, shelves and hiding places and organize them on shelves or in the big rolling toolbox we can both reach (some are stored on seven and eight feet high right now.) We will set aside some for our grandsons as they grow. And, painful as it is, some will go. I mean, how may corded 1/2" drills do you need at our age?
This plan was precipitated when my husband said he needed a new socket set for our new camper and I pointed out that we already have 10 or more sets, they just need sorting.
I am "that wife" who has her own clearly marked, untouchable tools in the kitchen, craft room and garden shed so I can always find what I need.
My married daughter (with 2 young sons) is learning to do the same after finding her new garden pruners laying in the yard. Her single sister has the "best tools " in her neighborhood.
Lest you ask about my "stuff", every year I go through the (catch-all) pantry/laundry room, 1 of our 3 sheds , 1 of the 3 closets in our home and 1/3 of my craft/art/sewing room and purge - the people on "buy nothing" love it when I do my clean-up weeks.
I have reached the point where there are actually empty places on some shelves!