Well, here's what I plan to do, if I ever get back to it, with Between Earth and Pyrroth:
Book one or maybe two (kind of started a second with a new plot thread and a few new characters added in just before I ran out of free time to write) ends with the death of one MC; there's a transitional period with characters dealing with the loss, the children of four of the characters growing up, etc., and then the second book begins on the night of the 19th birthday of one character, who is just about to start her first year of college - as well as do other things. It will remain as a single "book" and will introduce the three characters who form the core of the final book in the series (one is 17, one 15 and the other 14 when book two starts), but they will only have minor roles (at least as planned). I don't intend to have a transitional phase between those two books but ... have only written one chapter of the first of those two...