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East Central SD | I have strong opinions and a smaller family. Just one sister and 2 nieces and my daughter for the next generation for context.
I strongly believe the inheriting generation(s) should never think of the inheritance as their own. It should always be available for support and security of future generations.
So I am a big believer in leaving the parent's estate in trust with both my sister and I receiving 50% "ownership". I don't believe we should have the right to liquidate (obviously there could be extenuating circumstances). Ideally, if we don't reinvest annual income we would first look to improving life for next generation. Education, business ownership, etc.
Every situation is different but my sister and I are both old enough we really don't need the inheritance at this point in our lives anyway so if anything we should probably accelerate putting it to use with the next generations earlier in their lives.
I absolutely despise the "fair isn't equal and equal isn't fair" comment. I feel really sorry for those buying into that nonsense. The primary goal for any plan should be to keep the family together and I can't think of a quicker way to destroy your family than to give one kid $5 million and the others $500,000.
Edit: The book "Family Wealth" by Hughes is a great book
Edit 2: Family land shouldn't have to be repurchased each generation.
Edited by Jackrabbit 1/27/2026 15:03
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Estate plans -add on too Mkt. talk discussion
