I have had a couple of interesting conversations with clients this week about what constitutes ‘fairness’ when distributing an estate.
This is a really subjective issue and one where I am not sure there is a single right or wrong answer.
The main area where this question arises is when distributing an estate between two or more children who may have enjoyed varying degrees of financial success in their own right. It could well be that one child has pursued a more lucrative career path than the other and so now finds themselves in a much more comfortable financial position than the other.
In this case, there are broadly 2 options available to the parents as we consider their estate planning:
