What is the problem with probate?

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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 probate?

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

This series: 35,593 views

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Transcripts

Host: What is the problem with probate?

William Conway: The problem with probate as I mentioned a moment ago is that first of all, it is public. Most people especially in this environment of trying to keep our affairs more private because of such things as identity thefts and other concerns are interested in avoiding any unnecessary information about themselves or more importantly information going out of that others as to whom he is receiving property and on what terms and conditions. The public nature of probate allows anybody to be able to go to a courthouse, discover to whom the property is going and be able to determine the amount and nature of the property received. For most of us in this day and age that is information that is just a little too much information being transferred out. Probably, it is also time consuming, probably it has a lot of Ts to cross and Is to dot. There are a lot of filings that have been made to courthouse and because of that it is not only time consuming but it is also more expensive than avoiding probate.

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