Children crave equal attention from their parents. So when it comes to their inheritances, if they aren’t treated the same, there may be some hurt feelings.
According to a story in the New York Times, there are times when inheritances can be uneven and still be fair.
The story says parents never treat their children equally, but they try to be fair.
When it comes to inheritances, these times may be when one child is doing particularly well, while another is not.
Perhaps one heir has a special needs child, or is running the family business. There are a number of scenarios where equal treatment may not be right.
The story says it is important to talk to the children in advance and explain the thinking in order to avoid bruised feelings.
http://www.nytimes.com/30/your-money/how-a-will-treating-children-differently-can-still-be-fair.html?rref=collection%2Ftimestopic%2FEstate%20Planning&action=click&contentCollection=your-money®ion=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=collection
If you have questions about estate planning, feel free to contact us for a consultation at (626) 696-3145.
