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

To properly view this site, javascript must be enabled and Flash version 9 or higher must be installed.
Get the latest Flash player
William Conway
Law Offices of William Conway
www.conway-law.com  
703-448-7575

William A. Conway, J.D., in a professional career as a tax attorney, investment banker, and legal educator, serves his clients with both financial and legal counsel. A graduate of Georgetown University Law Center, he is a registered investment advisor and tax attorney included in both Who's Who in Finance and Industry and Who's Who in American Law. Mr. Conway is also a member of the bars of the Commonwealth of Virginia, District of Columbia, and the State of Maryland.

His practice is dedicated to building wealth enhancement strategies for his client families' estates and businesses, using far-reaching, advanced planning to achieve preserved wealth for generations. The firm's priority is our relationship with our client families and their personal, professional and estate goals.

Mr. Conway was an Adjunct Professor of tax law at George Mason University School of Law, where he taught law for five years and has lectured at Georgetown University Law Center. He annually teaches continuing education courses on estate planning and wealth preservation for attorneys, financial planners, and accountants.

A founding member of WealthCounsel, LLC , he serves as chairman of the Legacy Consulting Group and is a member of the National Academy of Elder Care Law Attorneys. In addition, Mr. Conway serves on the Greater McLean Chamber of Commerce and is President of the McLean Symphony, McLean, Virginia.

Invited for guest appearances on television programs such as "The Money Makers" on PBS, Mr. Conway also created and hosted the radio series, "Legacy," for many years on Washington Business Radio. You may now hear him on his new show, "Family Fortunes" on WTNT 570 AM Radio in the Washington Metro area each Saturday morning.

Generations, an updated companion book to the original "Legacy" radio show, is a 500+ page, hard-backed book, indexed by subject, and includes every aspect of estate planning.

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

In this video series, William Conway explains the basics of estate planning.

This series: 35,669 views

Print

Transcripts

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.

Other Videos

  • What is a stock index?
  • How to Save Money In this video, financial planning professional and member of the Financial Planning Association®, Tracey Baker, CFP® describes the four important steps to saving money. This video is designed for individuals who are looking for tips to save money. This video series includes an overview of cutting out avoidable expenses, reducing variable spending, planning for lower fixed costs and making hard decisions.
  •  What is a mutual fund?
  • What is debt? In this video, Vikki Frank, Kandance Beamon, and Linda Stroman, financial education providers describe several key areas to address regarding debt reduction and elimination. This video is designed to deliver basic financial information to assist individuals and families to be able to identify goals and process strategies for their specific financial needs. The topics included in this video cover are: self-evaluation of debt load, budgeting strategies, understanding the effects on your credit and scores, why savings is important, how to develop a debt elimination plan, and the importance of financial education and how financial counseling may be useful.
  • Is bankruptcy ever the right option?
  • What about the use of credit cards? In this video, David Marotta discusses why it's important to agree in a marriage how finances are handled, and what the five principles should be.