#21 of 25 Estate Planning Mistakes – Equality

Treating Beneficiaries Equally, Instead of Fairly
Many parents feel obligated to divide their estate equally among their children. And most children feel they should be treated equally. However, this type of equal distribution at death can be unfair for a number of reasons. The children may have substantially different financial means. The parents may have provided more for one child than the others. One child may have provided more care or service than another. If parents do decide to provide for an unequal distribution, it’s important that they discuss that decision with their children to avoid any hurt feelings, and expensive litigation, after their passing.