Incapacity Planning Documents
Atlanta elder law attorneys can help you get prepared for all the eventualities of aging,
and it is truly best to have a comprehensive plan in place. When people get interested in
estate planning they invariably recognize that they may well experience a period of
incapacity before passing away, and this is something to recognize and address through
the execution of the proper documents.
How likely is it that you will experience a period of incapacity at some point in your
life? Statistics indicate that more and more people are living to an advanced age; in fact,
people 85 years old and older are the fastest-growing segment of the population.
According to an Alzheimer's Association study, upwards of 40% of people who reach
this age suffer from Alzheimer's disease in some stage. Alzheimer's sufferers often find it
difficult to make sound medical and financial decisions for themselves. And of course,
there are many other causes of incapacity that strike the oldest old. So when you look at
the statistics there is a very realistic chance that you may be facing a period of incapacity
at some point in your life.
To make sure that you have decision-makers of your own choosing in place in the event
of your incapacitation durable powers of attorney are often recommended. Because of
the fact that these documents are "durable" they remain in effect even after the
incapacitation of the grantor.
The ideal representative for financial decision-making may not be the person you want
to empower to make medical decisions for you should you become unable to do so for
yourself. For this reason you may want to execute a durable financial power of attorney
and a durable medical power of attorney, which is referred to in Georgia as the
Advanced Directive for Healthcare, and name two different respective attorneys-in-fact.
The prospect of incapacity is certainly not a pleasant one, but it is important to be
prepared. A lack of preparation can make a challenging situation that much worse for
you and your family members.
Experienced estate planning attorneys Atlanta GA of the Pyke & Associates P.C. offers
estate planning and business planning resources to residents of Atlanta GA. To learn
more about these free resources, please visit http://www.cpyke.com today.