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What might happen if I am incapicitated and fail to plan?

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Host: What might happen if I am incapacitated and fail to plan?

William Conway: In the circumstance of an incapacity, it is quite direct that people are not going to be able to control their own affairs and we have to have someone else setup to do that. We have to have somebody that has the ability to get at bank accounts, to get at securities accounts, to be able to pay mortgages, to pay bills. The failure to plan to be able to set somebody else to accomplish that sets up a bigger problem and that problem is known as guardianship or conservativeship.