Remember that long after the trust assets have been divided, you will still be family.
My parents always sought to be fair in their treatment of my three sisters and me. Their reasoning was they never wanted any of us to think there was favoritism. They loved all of us equally.
This fair treatment had its upsides. If one sister campaigned hard enough for something, we all benefited. However, it also had its limitations. Buying four of everything could be costly. I soon learned to remove myself from this confining dynamic by working after school from the age of 13. In this way, I was able to feel some financial independence.
Since my mother was housebound by that time, I was privileged to help my father in business matters and accompanied him to the trust attorney’s office to move through the process. Fortunately, our attorney described some of the potential downsides to this. Making decisions jointly could be problematic. Philosophies about how to manage trust matters might vary widely and, in fact, cause discord.
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