Providing for the “odd” child
My father has six children and 13 grandchildren. Being mathematically inclined, he looked at those numbers and figured, “6×8=48 and 13×4=52. 48+52=100. I will give 8% of my estate to each of my six children, and 4% of my estate to each of my 13 grandchildren. There. Done. Simple. I’ve taken care of 100% of my estate.”
Except it’s not so simple. As Ron Blue urges in his book Splitting Heirs, you should “Love your children equally and, as such, treat them uniquely” (p. 82). Why? Because “the greatest inequality is treating unequal people equally” (p. 83).
Well, among my father’s children, we are definitely not equal! And so I just wrote a letter to my father requesting that he treat me unequally. Read the rest of this entry »
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equality, inequality, inheritance, trust fund
