Estate Planning Strategies for Wealth Distribution

Emily is a successful entrepreneur who has built a substantial net worth through her business ventures. As she approaches retirement, Emily is increasingly concerned about how her wealth will be distributed after her death. She has three adult children, all of whom have different financial needs and life situations. Emily wants to ensure that her estate is passed on in a manner that is equitable but also considers the individual circumstances of each child.

Which of the following strategies would best align with Emily’s goals in estate planning?