DIVIDING THE FAMILY PIE
Imagine you’re sitting down with your family for dessert, and there’s a single pie on the table to share. Your first instinct might be to cut it into equal slices. That seems like the fair thing to do, right? But what if one of your kids pipes up to say they didn’t each lunch and they’re starving, or your spouse leans in to tell you they’re full and would rather give up their slice? Would that change the way you cut the pie? Odds are, you’d want to take your family’s needs, desires, and circumstances into consideration if you were sharing dessert. So why wouldn’t you do the same when it comes to portioning out your assets in your estate plan? We’ve seen firsthand how tempting it can be for a parent to simply divide their assets into equal parts and portion out the exact same amount of money, stock, or property to each beneficiary. However, in cases like these, equality doesn’t always necessarily equate to fairness. A more practical approach to division of assets might be recognizing and compensating for differences in the abilities and needs of your children, even at the risk of producing some conflict. Through your estate plan, you have a chance to provide a measure of fairness that your children may not have found in their lives. Here are a few things to consider when you’re deciding how to divvy up your assets:
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The income and net worth of each child
• The worth of gifts you’ve given each child previously • How your children’s respective investments have fared
Of course, you’re not obligated to take any of these things into account, and it’s equally within your power to prioritize one child or beneficiary over another. That said, it would probably be to your benefit to imagine yourself at the dinner table and to take the time to ask, “How hungry are you?” Your children’s reactions to a sit-down conversation about what they want, need, and expect from your estate just might surprise you.
If you’d like more professional guidance on estate planning, don’t hesitate to reach out to DuPont Wealth Solutions. We’re always happy to help!
• The disparity in age between your children (thus, the expenses still ahead of them)
SUDOKU
STICKY AND SWEET PORK ‘RIBS’
Inspired by TasteOfHome.com
INGREDIENTS
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2 heads garlic, cloves separated
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1/2 cup chili oil
1/3 cup oyster sauce
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3 thumbs ginger, chopped
1/3 cup toasted sesame oil 5 lbs boneless pork shoulder, flattened
1 cup hoisin sauce 3/4 cup fish sauce
2/3 cup honey
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3/4 cup brown sugar
2/3 cup rice wine
1 tbsp molasses
DIRECTIONS
1. In a blender, purée garlic, ginger, hoisin sauce, fish sauce, honey, rice wine, chili oil, oyster sauce, and toasted sesame oil until smooth. 2. Reserve and chill 1 1/2 cups for later use. 3. In a bag, add the remaining mixture and pork shoulder. Marinate for at least 8 hours. 4. Using a convection plate on the grill, cook pork until the thickest part reaches an internal temperature of 140–145 F. 5. In a large saucepan, simmer brown sugar, molasses, and reserved marinade for 6–8 minutes. 6. Baste the pork with the brown sugar glaze for 2 minutes before serving.
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