--- title: Dividing a Family with Inheritance description: Dividing a Family with Inheritance --- [![3_Global-View-SMALL_long_black](https://globalviewinv.com/wp-content/uploads/2025/10/3_Global-View-SMALL_long_black-scaled.png#130)](https://globalviewinv.com) ✕ - [About Us](https://globalviewinv.com/about-us/) - [Our Story](https://globalviewinv.com/about-us/) - [Our Founder](https://globalviewinv.com/about-us/) - [Meet Our Team](https://globalviewinv.com/about-us/) - [Your Fee-Only Fiduciary Partner](https://globalviewinv.com/about-us/) - [Referral Partners](https://globalviewinv.com/about-us/) - [Why Global View](https://globalviewinv.com/why-global-view/) - [Your Independent Advocate](https://globalviewinv.com/why-global-view/your-independent-advocate/) - [Real Risk Management](https://globalviewinv.com/why-global-view/real-risk-management/) - [Family-Office-Style Services](https://globalviewinv.com/why-global-view/family-office-style-services/) - [What We Do](https://globalviewinv.com/what-we-do-global-view/) - [Comprehensive Financial Planning](https://globalviewinv.com/what-we-do-global-view/comprehensive-financial-planning/) - [Setting the Path to Retirement](https://globalviewinv.com/setting-path-retirement/) - [Worry-Free Portfolio Management](https://globalviewinv.com/what-we-do-global-view/worry-free-portfolio-management/) - [Tax and Estate Planning Coordination](https://globalviewinv.com/what-we-do-global-view/tax-and-estate-planning/) - [Navigating Life After Loss](https://globalviewinv.com/navigating-life-after-loss/) - [Our Fees](https://globalviewinv.com/what-we-do-global-view/our-fees/) - [Who We Serve](https://globalviewinv.com/who-we-serve/) - [Client Experiences](https://globalviewinv.com/who-we-serve/client-experiences/) - [Contact Us](https://globalviewinv.com/contact-us/) - [Resources](https://globalviewinv.com/resources/) - [News & Insights](https://blog.globalviewinv.com/) - [eBooks](https://globalviewinv.com/ebooks/) - [Quick Guides](https://globalviewinv.com/quick-guides/) - [Videos](https://www.youtube.com/@Globalviewinv) - [Client Login](https://globalviewinv.com/client-login/) - [About Us](https://globalviewinv.com/about-us/) - [Our Story](https://globalviewinv.com/about-us/) - [Our Founder](https://globalviewinv.com/about-us/) - [Meet Our Team](https://globalviewinv.com/about-us/) - [Your Fee-Only Fiduciary Partner](https://globalviewinv.com/about-us/) - [Referral Partners](https://globalviewinv.com/about-us/) - [Why Global View](https://globalviewinv.com/why-global-view/) - [Your Independent Advocate](https://globalviewinv.com/why-global-view/your-independent-advocate/) - [Real Risk Management](https://globalviewinv.com/why-global-view/real-risk-management/) - [Family-Office-Style Services](https://globalviewinv.com/why-global-view/family-office-style-services/) - [What We Do](https://globalviewinv.com/what-we-do-global-view/) - [Comprehensive Financial Planning](https://globalviewinv.com/what-we-do-global-view/comprehensive-financial-planning/) - [Setting the Path to Retirement](https://globalviewinv.com/setting-path-retirement/) - [Worry-Free Portfolio Management](https://globalviewinv.com/what-we-do-global-view/worry-free-portfolio-management/) - [Tax and Estate Planning Coordination](https://globalviewinv.com/what-we-do-global-view/tax-and-estate-planning/) - [Navigating Life After Loss](https://globalviewinv.com/navigating-life-after-loss/) - [Our Fees](https://globalviewinv.com/what-we-do-global-view/our-fees/) [![2_Global-View-TAGLINE_stacked_white](https://globalviewinv.com/wp-content/uploads/2025/10/2_Global-View-TAGLINE_stacked_white-scaled.png#123)](https://globalviewinv.com) - [Who We Serve](https://globalviewinv.com/who-we-serve/) - [Client Experiences](https://globalviewinv.com/who-we-serve/client-experiences/) - [Contact Us](https://globalviewinv.com/contact-us/) - [Resources](https://globalviewinv.com/resources/) - [News & Insights](https://blog.globalviewinv.com/) - [eBooks](https://globalviewinv.com/ebooks/) - [Quick Guides](https://globalviewinv.com/quick-guides/) - [Videos](https://www.youtube.com/@Globalviewinv) - [Client Login](https://globalviewinv.com/client-login/) [![6_Global-View-Icon-black](https://globalviewinv.com/wp-content/uploads/2025/10/6_Global-View-Icon-black-scaled.png#68)](https://globalviewinv.com) # Dividing a Family with Inheritance ![](https://globalviewinv.com/wp-content/uploads/2025/11/gold-line.jpg) # Global View Investment Blog # Dividing a Family with Inheritance [Financial Planning](https://blog.globalviewinv.com/tag/financial-planning) Dec 21st, 2015 By: [Joe Hines](https://blog.globalviewinv.com/author/joe-hines) f you are going to leave an inheritance for your children the most important planning tool is communication. As hard as it may be for some, sitting down with your adult children and explaining your wishes is tremendously important in keeping the family together after you are gone. **Roles** Usually, only one child is listed as the agent for durable and healthcare powers of attorney, personal representative, and, when needed, trustee. Most of the time it makes the most sense for only one person to perform any of the above roles, rather than having co-agents, co-personal representative, or co-trustee. While this is the case in many family situations it is crucial that it be communicated to children as to the reason for choosing that child. **Estate Distribution** Sometimes parents may prefer for a specific asset to go to one child over another. This can be for many reasons. It may be personal effects such as jewelry, a gun, or piece of furniture. It may also be a piece of real property for which one child has an attachment. It is typical for one child to receive more ownership of an operating business in which that child is actively involved. This may be done during the life of the parents or at death. All of the issues should be communicated to the children, and preferably in a family meeting, where questions and opinions can be addressed. This is an opportunity to make a family stronger. If these are not communicated adequately then it can divide a family forever. **Fair Does Not Always Mean Equal** As Ron Blue eloquently said in his book Splitting Heirs, “fair does not always mean equal.” A case where this could happen is when a child has a special needs that requires assets to provide for necessary care for the remainder of their life. It may also be divided unequally when one child is very financially successful and another has chosen a noble career that provides meager means, such as missionary or in other non-profit type organizations. Also, when a child has a major addiction problem or a child has been a disaster with managing their own resources. There even may be a reason to completely disinherit a child. **A Couple Of Real Examples** Example 1: A client’s step mother passed away a couple of years ago. She had no children of her own. At the father’s death the assets in his name went into a trust to benefit the step mom and at her death go to the children equally. All three children had a good relationship with their step mother and each other. However, at her death one child got 70%, another 30% and another 0%. None of them could understand why there was a difference. It created friction and divided between the siblings. Example 2: A friend’s mother-in-law died a couple of years back. His brother-in-law has had a volatile past with finances, etc. Both of the children expected the estate to be split equally but found out that 100% went to the daughter. The brother places blame on his sister even though she had nothing to do with the decision. Now they are estranged. **Communication is Key** If parents could just step out of their comfort zone and address their children as parents should much of the family discourse could be avoided. This is crucial to keeping the family together after parents are gone. Our recommendation is for parents to communicate their wishes to their children by at least age 70. It is preferable to put this in writing, in addition to what is written in the wills or trusts documents. Leaving a legacy is more than just leaving assets (stuff). It is about leaving a strong and intact family bond. ![Joe Hines](https://blog.globalviewinv.com/hubfs/Joey%20Global%20View.jpg) ### Written by [Joe Hines](https://blog.globalviewinv.com/author/joe-hines) Joey's primary focus is working with clients in the goals setting and financial planning process. He has extensive experience is in helping clients facilitate the decision making process, leading them through the implementation of their financial plan and contributing to their peace of mind. This includes helping clients gain an understanding of estate planning, charitable giving, and helping them implement these plans by working closely with estate planning attorneys. [LinkedIn](https://www.linkedin.com/in/santuc/) [Read other posts](https://blog.globalviewinv.com/author/joe-hines) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. ### **Are you on track for the future you want?** Schedule a free, no-strings-attached portfolio review today. 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