We had some jewelry to divide up. We included my siblings and me only…not our kids. We put it all out, started with the oldest, and went by age, going around until it was all taken.
I will say, at the end, there was some trading and giving away as some folks wanted some things or decided they didn’t want what they had.
There were no hard feelings. And it worked well…but we get along well anyway.
If any of us thought our kids might want something, we just took it in one of our turns.