Distributing Possessions of Emotional Value: Equal or Equitable?

2019_04_AgLegacyNewsletter
#AGLEGACY #FarmSuccession #EstatePlanning

Fairness is a hard concept for people of any age to understand.


Fairness requires one to be able to see things from another person’s point of view. Equal: The context of equality means all persons are treated the same; This could mean equal number of items, dollar value, or emotional value. Equitable: An equitable distribution would take into account differences; These differences could be age, gender, needs, care giving role, and other distinctive differences.
   Families members are generally more excited to consider leaving a legacy, where they are often uncomfortable discussing topics such as inheritance. Legacy takes into account all aspects of what an individual or family will leave behind.

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