Americans are living longer than ever; this is good news for many Georgia residents. Many look forward to the time they will have available to spend with family and traveling to new and exciting places. However, this will not be the reality for some individuals. Along with longer lives comes the possibility of becoming physically or mentally unable to make legal decisions. As a result, many find that care planning is a critical part of the estate planning process.
An important aspect of care planning is determining who will act as guardian for the individual and his or her legal estate. A potential guardian can be selected ahead of time and so indicated in the individual's estate plan. If this is not the case, it may be necessary for a Georgia court to appoint a guardian.
Once the guardian has been appointed, he or she will need to become familiar with the assets and estate of the individual. This is typically done by collecting all applicable documents. These documents often include bank and investment states, mortgage and property documents as well as insurance policies. Additionally, the guardian will want to gather all records pertaining to the individual's medical care, including invoices for medical services.
A guardian is the individual responsible for the legal well-being of the individual. As such, great care should be taken in determining who should hold this position of trust. Experienced legal counsel can offer guidance in this selection process as well as the other pertinent details that go in to care planning for the Georgia resident.
Source: family.findlaw.com, "Being A Guardian: Documents To Gather", Accessed on Dec. 4, 2017