Playing favourites with your estate?

I have just read an excellent article on www.fa-mag.com that I highly recommend to all readers. The main theme it deals with is the idea of leaving a distribution among your children that is not equal, and goes into several reasons why  parents might want to do this. It discusses "equal" versus "fair" and does a great job of looking into why the kids might think your plans are unfair. It also talks about ways to prevent an unequal distribution from becoming a problem.

Click here to read it.

This is a lengthy article, but in my view it shows a lot of common sense from people with great experience in the field. It recommends family meetings between parents and (adult) children to discuss estate planning. As you all know, I'm an advocate of Estate Planning Through Family Meetings as I have seen the benefit of family members communicating.