When you’re creating your estate plan, your biggest priority may be taking care of your family: your spouse, grown children, grandchildren, and other loved ones.
As you think of where you want your assets to go, you also may be thinking about how to be fair, but is that the same as treating everyone equally?
In estate planning, “equal” doesn’t always mean “fair.” Let’s consider some factors that can help explain the difference: — Need. It’s highly unlikely that the individuals you want to include in your estate plan, especially your adult children, have the same family and financial situations. For example, you could have one child who is extremely successful and has no children of their own, while another child earns much less income and supports three children.
