The Street: “The most common refrain I hear when assisting clients with estate planning is that they want to treat their children equally. It's a parent's instinctual, default position. However, it can be a flawed position to lead from. In some cases, you might need to treat your children differently when it comes to gifting and estate planning. Notice I said differently but not unequally.
So what are some examples of treating your adult children differently:
• Not naming all of your children as successor executors
•Gifting the annual gift exclusion of $13,000 outright to some children while putting it in trust for another child
•Leaving one child's inheritance outright while leaving another child's inheritance in trust.”
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