A "Snapshot" is noted below for all to review:
Social Media Development
Having been on both sides of the coin, I would say trust is the first factor. Mentor the one with less experience and as he develops, your time will thereafter be freed up to work on long term strategic goals & objectives.
Probate is tough. As I helped to launch my Real Estate Investment & Management Firm almost 10 years ago, I was on the lookout by monitoring the updates from the Public Guardian of my local County and other venues. But, the challenge of dealing with the Courts outweighed any potential gain.