This is just a smart thing to do. Lot's of people have cottages or ski chalets that they hope to pass on to the kids. Trouble is there will be a giant capital gain for them to pay.
Others just have kids or grand kids they want to pass on their wealth to in the most tax effective way possible. The attachment walks through the basics of how a wealth transfer strategy works.
Simple but effective. Personally, when my Mom eventually passes away, I'm going to take a chunk of the inheritance and dump it in to a UL policy for the boys. When they're my age they'll be pretty much set up financially as a result and it will prevent Jake from going out to buy the new F-150.