Best for

• Executors/administrators who must divide personal property fairly while maintaining a clear record of “who received what”
• Families with multiple heirs (including remote heirs) who need visibility, transparency, and a structured process
• Estates where sentimental value is a conflict driver and “first-come, first-served” would be explosive
• Situations where heirs want to flag items for sale/donation vs. keep, before anything leaves the house
• Cases where you want a neutral third-party option to reduce perceived executor favoritism

How it works

1. Inventory the estate’s personal property: Photograph and list items (room-by-room). FairSplit promotes AI-assisted listing tools to speed up inventory creation and organization.
2. Invite heirs (“divisees”) and set roles: Add heirs/beneficiaries to view the inventory and participate in the allocation process.
3. Asset Review round: Heirs mark “interested / not interested” to reduce noise and focus on items that actually matter.
4. Emotional Value round: Heirs receive a set of points to place blind bids on the limited number of items they want most (structured like a silent auction). Highest bidder receives the item; the item’s market value is tracked in the overall fairness math.
5. Selection Order rounds: Remaining items are allocated through preference-based rounds (heirs rank items; the system assigns items in turn order to balance outcomes).
6. Document outcomes and close out: Export allocation results and reports (including photo-based reports). Remaining items can be flagged and organized for sale or donation.

What it does for Executors

FairSplit targets a specific executor headache: dividing “stuff” without family damage. It gives the executor a repeatable workflow—inventory → heir preference rounds → documented allocation—so heirs have a fair way to express both monetary and sentimental priorities. The result is a defensible distribution record that reduces “you took the good things” accusations and prevents chaotic grab-and-go scenarios.

Estate division capabilities (personal property)

• Photo-based estate inventory and organization (rooms, categories, tags)
• Heir participation with structured division rounds (Asset Review → Emotional Value → Selection Order)
• Tracking of market value and allocation outcomes to support “fairness” across heirs
• Exportable reports (including formats suitable for sharing with heirs and professionals)
• Optional independent administrator services to reduce perceived conflicts

Not ideal for

• Estates where nearly everything will be sold and there is little interest in in-kind distribution to heirs
• High-conflict families who will not agree to follow a structured process (or who want courtroom adjudication instead)
• Situations where you need the software itself to create a legally binding settlement (you may still need written agreements and/or professional oversight)

Pricing & access

• Estate plans (as listed): FairSplit lists estate division plans such as Basic Estate, Plus Estate, and Premium Estate, with increasing limits for number of heirs (“divisees”) and number of assets/items.
• Typical estate use: The service is commonly used by an executor/administrator (or a neutral administrator), with heirs participating to express preferences and receive allocations.
• Subscription duration (as listed): Plans are described as valid for a period (e.g., 24 months) with extension options.

Security & standards

FairSplit positions its system as permission-based (invited participants only) with encrypted web access and secure third-party payment processing. For estates, the practical “security” benefit is often procedural: a centralized inventory plus structured rounds that minimize off-platform side deals and reduce misunderstandings about what existed and who received it.

FAQs

Q: What problem does FairSplit solve for estates?

A: Dividing personal property among heirs. It replaces informal “picking” with an inventory-based process and structured rounds that document preferences and outcomes.

Q: How do heirs express sentimental priorities?

A: Through the Emotional Value round, where heirs use points to place blind bids on the items they care about most, similar to a silent auction.

Q: What happens to items no one wants?

A: They can be flagged for sale or donation after the rounds, helping the executor move from “division” to “cleanout” with less drama.

Q: Can the executor run it, or should a neutral admin run it?

A: Either. Some families want the executor to administer the process; others prefer a neutral third party to reduce perceived bias, especially when an heir is also the executor.

Q: Does FairSplit create a legal agreement?

A: FairSplit is a division workflow and record. If you need enforceability, incorporate results into the estate’s administration documentation with professional guidance as needed.

About this Listing

Executorium will NOT receive compensation if you engage with this business.

Learn More

– Official site: https://www.fairsplit.com/
– Estate division solution: https://www.fairsplit.com/estate-division-solution/
– Estate pricing: https://www.fairsplit.com/plans/pricing-estate-division/
– Video (Trustee and Trust Attorney):
– Documentation (division rounds): Division Rounds

FairSplit in Their Own Words – Explainer Video

See also

Related topics: estate personal property inventory, heirloom distribution, in-kind vs. sale distributions, family conflict reduction in probate, remote heir participation.