When parents divide assets equally among children, it may seem fair. But fairness isn’t always the same as equality.
Why Equal Isn’t Always Fair
- One child may have been the caregiver.
- Another may be financially unstable.
- Sentimental items may matter more than cash.
The Role of Psychology
Research shows people perceive fairness differently. For some, equal division is non-negotiable. For others, contribution or need should influence distribution.
Solutions
- Open Family Discussions – Talk through expectations early.
- Use Letters of Explanation – Parents can explain decisions to prevent resentment.
- Consider Hybrid Approaches – Equal financial distribution but special treatment for sentimental items.
Closing Thoughts
Fairness is subjective. The best estate plans acknowledge both the numbers and the emotions behind them.
