The Moneyist: My wife and I have a $5 million estate and no children. She has four nieces and I have one. Should we split our estate 5 ways?

by | Sep 12, 2023 | Stock Market

Dear Quentin, My wife and I have been happily married for over 30 years. With our savings and two paid-off houses, we are looking at an estate value of over $5 million. We do not have any children. As we structure our wills, we have some churches and other organizations we plan to donate to, but the bulk of our estate will go to our five nieces. 

My wife’s side of the family has four nieces, and I have one niece on my side. My wife thinks an even distribution of our remaining assets among our five nieces is fair. I do not believe that is fair, as an even distribution among all five nieces would constitute an 80/20 split between the different sides of our family, with her side getting a significantly larger portion.  My way would be a 65/35 split, with her side still getting the larger share, but with my biological niece getting a larger individual share. My question is, which way is the fairest to split our $5 million? Should we just keep it focused on individual beneficiaries, or is factoring in the family-to-family dynamic reasonable? The $5 Million CoupleDear $ …

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