Estate planning: Why ‘fair’ and ‘equal’ are not always the same

“It’s not fair!” We all have witnessed how children have a difficult time understanding why one sibling was treated differently. To overcome this, parents will make the well-intentioned mistake that fair and equal are the same. That is, if they treat their children the same, the kids will stop arguing about who received more, who gets to go first, or who is the favorite.
Trying to treat each child equally rarely works. The parent is left feeling guilty and inadequate, and the s