One of the situations Georgia residents should plan for when creating an estate plan is the event that they might become incapacitated. Should they be unable to make important decisions by themselves, it is important that the necessary documents are in place to ensure that their preferences regarding their finances and health will be honored.
Preparation is important when planning for the unexpected. People should begin by consolidating their assets, which includes closing any redundant accounts. Formalization of the actions that one takes regarding their assets is also critical to making sure that executors or beneficiaries adhere to how a loved one wants their assets to be handled. If there are no formal, legal documents in place, the decisions regarding an incapacitated person's welfare and assets will be left in the hands of the court.