Equality is a noble concept and one many people turn to when deciding how to divide up their estate. There are many circumstances in which equal distribution of assets among beneficiaries is the right choice, but there are some cases where identical inheritances do not make the most sense. In such situations, the difference between what is equal and what is fair is obvious. Let us take a look at an example of each:
Equal Division
In hypothetical one, you have three kids and want to divide your assets and wealth equally among them. All three are at similar places in their lives, have received similar emotional and financial support from you in the past, and are each responsible and capable of managing their individual inheritance.
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