Vermont Estate Planning Blog

Thursday, July 15, 2010

New Article - Are the Kids Old Enough Yet?

Are the Kids Old Enough Yet?

 “Junior!” she exclaimed with a sharp tongue, as her son attempted to sneak a pre-dinner bite of the dessert she was making.  She only called him “Junior” when she demanded his attention, for he wasn’t even technically a junior.  And she had been doing this for over sixty years.  Yes, this scene actually describes a true story of an 85-year-old mother scolding her 62-year-old son! 

While the parent-child relationship does evolve over a lifetime, it does retain a certain character.  Parents may continue to command a certain respect, and children often continue to honor that position of authority.  However, in the world of estate planning, there may come a time where the children need to take a position of authority.  It may come when the parents are still living, but it will definitely arrive after the parents have passed.  And will those kids, the “juniors” of the world, be ready?

For more of this article here is the link http://vtelaw.com/index.aspx?TypeContent=ARTICLES&Art_Title=Are_the_Kids_Old_Enough_Yet__3_2010&art_id=1909

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