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Do the math on lifetime gifts to make parents’ will fair

Thursday, May 31, 2018 @ 11:46 AM | By Jordan Atin

A common wish of parents is to treat all of their children “equally.”

While that may be easy to satisfy from death forward by way of an equal distribution in a will, taking account of lifetime benefits can be problematic.

It would be a rare circumstance where each child has received an identical amount from their parents during lifetime. More commonly, one or more children have received advances, gifts, loans or other benefits (referred to in this article as “advances”) from their parents in varying amounts....