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Having significant inherited wealth brings with it both freedoms and burdens, profoundly impacting various aspects of life. Freedoms can be in the form of financial security, opportunities, choice of lifestyle, and philanthropy. But often, people don’t recognize that significant wealth can also bring with it burdens in the form of intense pressure, identity challenges, guilt, […]

Review by: Myra Salzer It’s not often that I read a book cover to cover, every paragraph, every word. In fact, if you include the notes section, I think I would have to admit that I’ve never read a book cover to cover. The Storm Before the Calm, by George Friedman, is one of the […]

Generosity. Or largesse if you prefer its antiquated Middle English synonym. A variety of definitions exists for the term, from a willingness to give help or support, to a quality akin to unselfishness. It’s referred to as a virtue, a character trait, and a quality. But what does it really mean to be generous? Research […]

(by Kemper B. at TWC) Here at The Wealth Conservancy, we focus primarily on wealth coaching for inheritors, as well as wealth management for heirs. However, we do like to throw in the periodic blog post about everyday items that can be useful to all TWC Blog readers. Today’s topic is how a useful little […]

Perpetual trusts, also known as “dynasty trusts,” seem to be all the rage. These trusts are designed to last multiple generations and avoid the Rule Against Perpetuities (RAP). You might ask why they are bad ideas. We’ll give you some examples, and the reasons will become self-evident. There are many reasons these trusts are becoming […]

When asked what The Wealth Conservancy is all about, our reply is that we guide our clients to navigate the trauma of inheritance. I bristle when someone responds with, “I wish I had that problem!” though I can understand where they’re coming from. Most of us see the advent of an inheritance as a solution […]