My parents are making their will, and have told me that they're splitting their assets equally between my brother, his two children and me - so we each get 25%. I'd assumed they would split them equally between me and my brother, and then we could reallocate them as we saw fit. As it is, it feels like my parents are penalising me for not having children, while rewarding my brother for having them, which seems unfair. It'll be difficult to tell my parents how I feel, but should I say something, or respect their wishes?
Money Moral Dilemma: Is it fair for my parents to penalise me for not having children?

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Sorry.
It might also help to regard it not as penalising you or rewarding your brother, but adding in two more beneficiaries, making the one quarter each perfectly sensible.
A very delicate issue to raise, so whether it can safely be approached obliquely in general conversation depends very much on the relationship between you and your parents.
There is another aspect, possibly - what happens if you yourself have children? Probably they'll redo the wills to include your own children in the calculation.
From a purely personal angle, we've split everything equally between our children, both of whom have their own children. I'm happy to leave them to do what's right with their share. That's a different, but not necessarily correct, approach. There is no correct approach. We also gifted as much as we possibly could to our children to avoid future IHT - very little point in accumulating savings if they're going to lose 40% on death! Try that one on them!
Often the grandchildren can better use a lump sum while their parents are settled with a secure financial position.
It is a case-by-case situation, with the final decision resting solely with your parents.
Look forward to it being a very long time before it becomes a consideration.