Now that I am retired, I'd like to do an extreme make-over, but I get the shakes just thinking about letting some of my favorites go. I do have them all ranked in order of priority, so when I get a new one in, I sell one from the bottom of the list... that will have to do for now. What I don't want to do is leave a mess of gear for my family to deal with when the final curtain drops.
Traditionally a fellow would try to be a mentor to at least one protegee who would understand what he/she inherited and hopefully even want to carry on using it.