Brand and model of breakers?!
Without that info no way for us to give u answer as to whether it was age or something else
House main panel (60a GE THOL) > house generator transfer switch panel (40a Siemens QP) > garage panel (50a SquareD HOM) > shed panel (30a SquareD HOM) > electric heater.
My question is why is the garage panel fed from house with a 40A breaker and the shed fed from the garage panel with a 50A breaker. I would reverse that.
That's how it was when I got the house. An electrician owned it before me and since new. I get the impression buying an electrician's house is like they say about buying a mechanic's car. Plenty of nice to have stuff, some overly elaborate, and some quick and dirty obviously with take-outs or leftovers from jobs.
The garage was unfinished with a split bus panel when I got the place. I finished the interior of the garage, ran a bunch more outlets, better lighting, and installed a new Homeline panel.
The shed was fed from the garage with two circuits using Romex through one conduit (10/2 for a 30a camper plug, 12/2 for a 20a circuit for lights and outlets in shed). I pulled that out and ran 6/3 NM through the walls to reach the conduit to shed, then 6ga THHN through the existing conduit to a new Homeline panel. 50a breaker since the 6/3 NM is only rated for 55a. I have a 5HP compressor and 5k watt electric heater in the shed. Garage electrical load is fairly small, just lights, computer, gas heater, and whatever I plug in. I need far more amps in the shed than the garage.
The garage panel appears to be fed using 6ga THHN, at least that's what's at the 40a breaker in the house and the main breaker in the garage panel. I'm guessing it's the same with the whole length but haven't yet checked every pull point or junction box along the way. I'll swap it to a 60a breaker if it's entirely 6ga wire. Given the mixed breakers and bits in everything I'm guessing the original owner had a 40a Siemens breaker on hand at the time and used that instead of buying a larger breaker to match the panel.
I haven't done much with the wiring in the house. I'd like to put in a new panel with a whole house automatic transfer switch ahead of it, eventually.