Why Fair Does Not Always Mean Equal in Estate Planning
Equality is simple. Fairness is nuanced.
Many estate plans divide assets equally between beneficiaries in the belief that equal distribution prevents conflict. Yet modern family structures often introduce complexity that equality alone does not address.
Different Roles, Different Contributions
One child may work within the family business. Another may live abroad. One may have greater financial need. Another may have already received significant lifetime support.
Treating these circumstances identically may not reflect the broader context.
Managing Expectations
Clear communication is critical. When beneficiaries understand the reasoning behind decisions, outcomes are more likely to be accepted.
Letters of Wishes and documented explanations can significantly reduce ambiguity.
Protecting Relationships
Estate planning is not purely financial. It is relational.
Fairness may sometimes require structured differentiation rather than identical distribution. The key is thoughtful planning supported by clarity.
Strong plans consider family realities, not just arithmetic.