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What is the problem with guardianship, or conservativeship?

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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 is the problem with guardianship, or conservativeship?

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

This series: 35,608 views

Download - Coming Soon!
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Transcripts

Host: What is the problem with guardianship or conservativeship?

William Conway: The problem with conservativeship and guardianship is that we should never be there and we should never be there because it is a court process. Many people believe that because they are married or because they have a son or daughter that is actually on a bank account with them as a Joint Tenant with Rights of Survivorship or has some signatory powers, that that person can control and direct all property. But in point of fact that is not the case. Your property can only be controlled and directed by you or by others that you permitted to be able to control and direct the property in a writing prior to the event of disability or incapacity.

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