Dividing inheritance equally between heirs might seem like a default option. However, evenly splitting the estate may not make sense for all families. Given the circumstances, some may decide to leave the beneficiaries with what’s fair, even if they don’t particularly agree with it.
Just like what happened to this woman, who received a smaller part of the will as her late grandparents wished her to share it with her children. Majorly upset by this, she demanded that other grandchildren chip in, which didn’t end well.
Splitting inheritance equally doesn’t make sense for all families
Image credits:YuriArcursPeopleimages (Not the actual photo)
When this woman found out she was getting a smaller part of her grandparent’s inheritance, she demanded the rest of the cousins chip in
Image credits:Pressmaster (Not the actual photo)
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It makes sense for each heir to get an equal inheritance when all of them are in similar situations
Estate planning attorney Laura K. Meier says that it makes sense for each heir to get an equal inheritance when all of them have similar needs, are similarly situated in life, and have received similar financial support.
For instance, if beneficiaries don’t have disabilities or serious illnesses and have proven themselves to be responsible with money, it might be logical to divide assets equally. Even when the person feels that their family doesn’t deserve an equal inheritance, they might still divide it equally to avoid emotional and financial conflict.
The best way to decide how to split the possessions, according to Philip J. Ruce, estate planning director of Stone Arch Law Office, is to consider how likely it is that an heir will protest against the unequal inheritance.
“When there is actual or perceived inequality, the likelihood of someone looking for legal remedies increases substantially,” Ruce says. The testator has to decide if the risk of lawsuits is significant and thereafter worth it, as going through such legal issues not only is emotionally draining but can also cause the assets to end up in a different place than the owner hoped – “in lawyers’ pockets,” as Ruce notes.
“The most important thing to remember is that it is your money, and you have a right to do with it what you choose”
A unique situation that might push a person to leave an unequal inheritance is if a family member is their caregiver and they want to compensate them for their devoted time. Or perhaps they were already given considerably more financial support during their lifetime, like, say, $30,000 for a wedding or a down payment for a house. In the former scenario, the heir might receive a bigger inheritance, while in the latter, a smaller one.
If a child who can’t take care of themselves is involved, the parent or their guardian may wish to leave most of their estate to them to ensure that they’re set when they’re no longer here. The disabled person might need support to meet basic living expenses and pay medical bills. Siblings shouldn’t be offended by such a decision, but it still might be beneficial to let the children know they’re receiving less money so it doesn’t come as a surprise after a loved one passes away.
Estate planning attorney Candice N. Aiston says that the overall guideline should be the preservation of family harmony and dynamics. “It is unbelievable how many families fall apart after the parents die because of how the estate is divided up,” she says.
And if a person is doubting whether their decision is right, Ruce urges them to keep one thing in mind. “The most important thing to remember when dividing up an inheritance is that it is your money, and you have a right to do with it what you choose.”
The readers decided that the author’s behavior was not wrong
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