A revocable trust is an estate planning tool that can help you while you are still alive. This is what differentiates it from a will. Using a trust is one of the most popular ways to establish some control over the assets placed inside while also gaining the benefits of removing those assets from your estate’s overall value. As the person in charge of making decisions about a revocable trust, however, there may come a time when you are no longer able or comfortable to make decisions about those issues.
When you put a revocable trust together, it may be necessary to establish a committee of family members within the trust document who can determine when the donor is no longer able to maintain the level of mental capacity to make critical decisions. This can help avoid the process of going to court and going through an adult guardianship hearing.
A disability committee of pertinent family members can get together and make a decision about when a person is no longer able to exercise the mental capacity necessary for a revocable trust. Consulting with a Georgia estate planning attorney is strongly recommended if you find yourself in this situation as it could increase the chances that you will have a better outcome in the future.