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In business succession, be fair, not equal

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  • warning: Parameter 2 to ad_flash_adapi() expected to be a reference, value given in /var/www/vhosts/rustonleader.com/httpdocs/includes/module.inc on line 497.
  • warning: Parameter 2 to ad_flash_adapi() expected to be a reference, value given in /var/www/vhosts/rustonleader.com/httpdocs/includes/module.inc on line 497.
  • warning: Parameter 2 to ad_flash_adapi() expected to be a reference, value given in /var/www/vhosts/rustonleader.com/httpdocs/includes/module.inc on line 497.
  • warning: Parameter 2 to ad_flash_adapi() expected to be a reference, value given in /var/www/vhosts/rustonleader.com/httpdocs/includes/module.inc on line 497.
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Question: I have three wonderful adult children. Only one of them has come into the family business. The other two have lives of their own. I am having a hard time figuring out how to be fair to my children in my estate plans. Most of what I have is tied up in the business, but leaving the business in equal thirds to my three children won’t really work either. Any ideas?

Answer: Don’t confuse equality with fairness.

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