How is an estate divided?

After debts and any specific gifts are paid, the rest of the estate is divided between beneficiaries according to the will, often equally. This calculator works out each share after debts and bequests.

What is a specific bequest?

A specific bequest is a particular gift in a will, such as a sum of money or an item to a named person, paid before the rest of the estate is shared among the residual beneficiaries.

Does this replace a will or legal advice?

No. It is a planning tool to illustrate how an estate might be shared. A clear, valid will and legal advice are what actually determine the distribution.

Inheritance Split Calculator

This calculator divides an estate between beneficiaries according to the shares set in a will or equally, showing each person amount after any debts and costs. You enter the estate value and the split, and it shows the distribution, supporting clear and fair estate conversations.

Total estate value

Debts and costs to pay first

Specific bequests off the top

Beneficiaries sharing the rest

each beneficiary receives (equal share of the residue)

Residue to share$0

After debts and bequests-

Debts, costs and any specific bequests are paid before the residue is shared. New Zealand has no inheritance tax. This is a planning illustration; a clear, valid will and legal advice determine the actual distribution.

How it works

The calculator takes the estate value, subtracts the debts and costs and any specific bequests that are paid first, and the remainder is the residue. It divides the residue equally among the beneficiaries to show each share. In a real estate the will may set unequal shares, but an equal split is a common and useful starting point for planning and conversations.

Worked example

An estate of $760,000 with $20,000 of debts and costs and a $10,000 specific bequest leaves a residue of $730,000. Shared equally among 3 beneficiaries, that is about $243,333 each.

Related calculators

Estate Value Calculator: your net estate.
Wills, EPA and Estate guide: estate planning.
Probate Explained guide: settling an estate.
Separation Asset Split Calculator: relationship property.

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