 You probably want someone to explain to you the consequences of, say, dividing the house between three children and also dividing the bank account between three children and also the 401k, when instead you could, for instance, give one child the house, one child your bank account, one child your 401k, or compensate them with cash between these different sources. So each one could still get the same value, but you wouldn't end up with these complicated ownership structures of a house or a family business, which again has the same kind of issues of complicated ownership if you just divide it between people.