Our clients sometimes feel that dividing their assets unequally between their children is the “fair” thing to do. There are many reasons that a parent might want to leave more money to one child than another. One child might have a greater need for financial assistance based on mental or physical disability. Or the parent may have made unequal gifts between his children during his lifetime and want to even things out. Another possibility is that the parent has received significantly more caregiving or other assistance from one child.
The beginning of May always brings national attention to the Jacksonville area when the Players Championship comes to town. For one week each year, the Players is the hot ticket in town and for good reason; the tournament, which is part of the PGA tour, brings international golf superstars to town and raises millions of dollars for local charities. As Jacksonville estate planning attorneys, we find two different meanings in the words “the players”: we are reminded of all the positive energy that flows through the city at the time of the tournament, but also think about the players of estate planning.
I have just returned from Indianapolis where I attended the 49th Collegium of the National Network of Estate Planning Attorneys. I wanted to share the highlights of my trip, including continuing my technical education, benefitting from the experience of preeminent colleagues, and a reminder of estate planning done right by one of the founding fathers.