The Hart Law Group, P.C.: My kids have different strengths...do I pick one or both?

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The Hart Law Group, P.C. is a North Carolina Professional Corporation formed by Mary Hart in 2006. Our firm focuses its practice in the areas of estate and trust planning and administration; probate; civil litigation; business and contract law; residential and commercial real estate closings, transactions, and contracts; property disputes; guardianships; medicaid planning; 1031 tax-deferred exchanges; self-directed IRAs; domestic partnership planning; IRS tax matters, and family law including custody matters and collaborative divorce.

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Monday, March 11, 2013

My kids have different strengths...do I pick one or both?

"I love both of my kids equally - but it is clear to me and everyone else for that matter, they have very different strengths. Kevin is the analytical thinker. No surprise – he has pursued a career in accounting! He thrives in situations that require order and logic. Jamie, on the other hand, is talented also - but not in finance. Her emotional intelligence and the ability to perceive the unspoken is amazing! She can be in a room for less than five minutes and be able to perceive the relational dynamics – even without knowing any of those present. I’m blessed - two wonderful kids with strikingly different gifts.

Though not done in most families, I decided to utilize both kids, each serving a different role, in creating my Estate Plan. It makes all the sense in the world. Kevin will be responsible for handling my financial affairs, while Janie will be the key decision maker with respect to my medical treatment.”

It is often assumed that, as part of an Estate Plan, a single person should be named to handle one’s financial and medical concerns. Surprisingly, selecting different individuals for financial, legal, and/or medical decisions may be the best choice in certain family situations.

We’ve learned from thousands of families who have been there before. Taking the time to thoughtfully consider your approach can reduce family tension and stress. Be sure to consult an estate attorney to determine best options for your circumstance. Estate Manager PRO (https://hartlawgroup.myestatemanager.com/), a FREE RESOURCE, helps you plan, prepare for, and manage life transitions. You will find step-by-step education (https://hartlawgroup.myestatemanager.com//#step/selecting-an-executor-or-personal-representative/95) and best practices to help you.