It's natural for a parent to admire certain qualities of one child over those of another. However, playing financial favorites between children or grandchildren may give off an unwanted impression and create emotional enmity between children. This is especially true if it is evident in the parent's estate planning.
See Jacoba Urist, "Is Financial Favoritism Ever a Good Idea?," HuffingtonPost.com (October 06, 2011).
Posted by Shahzeb Gaziani, Senior Associate Editor, Wealth Strategies Journal.
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