Think about what life would actually be like if you were born with all your parents' abilities and knowledge and pancake-flipping expertise. You wouldn't even have to go to school because you would have all the information with you from the beginning. Technology could accelerate at lightning speed because the next generation of engineers wouldn't have to waste 20 or 30 years "learning" and "understanding" physics, calculus, and quantum mechanics... they would have all this information on day 1. This would be amazing!!! (But do you see any pitfalls yet?)
You wouldn't have to learn how to ride a bike, you would just know because your parents know.
You would be born with all your parents knowledge--their education, their experiences...
(But really think about this for a second... it should totally gross you out. You with me here?)
I'm thinking it's a good thing it doesn't work this way.