The Wealth Conservancy, Inc.

03/04/2026

As the federal income tax deadline approaches, how can filers use AI to their advantage? Here are some things to consider before using AI this tax season.
https://www.thewealthconservancy.com/artificial-intelligence-and-taxes/

02/23/2026

There can be an unspoken expectation, that with ample resources, problems should be solvable. That caregiving should be easier. But even abundant means cannot insulate anyone from grief, uncertainty, or the emotional realities of caring for someone whose needs are changing.
https://bit.ly/4qQAhcQ

02/18/2026

Social media is designed to grab your attention and your emotions. Critical ignoring gives you the power to understand an issue on your own terms.
https://twcinc.link/4c0vpOG

02/17/2026

The art of saying NO!
https://bit.ly/4aVCsqA

01/20/2026

Subscriptions and monthly services are designed to be easy to start, difficult to track, and hard to cancel. Over time, they can silently deplete financial resources.
https://bit.ly/3LmUloE

12/23/2025

Scammers use AI to mimic the voices of the people we trust most. A simple family code word or verbal password could stop a scam immediately.
https://bit.ly/4qIyt6b

10/09/2025

American travelers heading to most European countries will face new entry procedures under the European Union’s Entry/Exit System (EES) beginning October 12th, 2025. This system is designed to modernize border control and enhance security across the Schengen Area, which includes 29 European countries such as France, Germany, Italy, and Spain. Find out what's changing.
https://twcinc.link/EESregs

06/13/2025

Fraudsters continue to evolve and change tactics, becoming increasingly more sophisticated in their attempts to get your personal information and exploit it for financial gain. Resolve to protect yourself by keeping up with the latest scams. https://twcinc.link/Fraud

01/06/2025

Generosity. A variety of definitions exists for the term, but what does it really mean to be generous?
https://twcinc.link/GreaterHappiness

01/06/2025

While sharing your financial resources to support another can be deeply rewarding, it’s crucial to approach the situation thoughtfully. TWC's Myra Salzer developed her own guide to help heirs consciously navigate the requests for personal loans.

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 br...

10/31/2024

Inherited Wealth, Inherited Wounds: Healing from the Trauma of Legacy

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 to a lot of problems and traumas of a different nature. Our clients, however, have received financial resources without training or preparation, often as a result of someone’s death or a divorce.

So where does the trauma come in? Mind.org.uk defines trauma as follows:

Trauma is when we experience very stressful, frightening or distressing events that are difficult to cope with or out of our control. It could be one incident, or an ongoing event that happens over a long period of time.

Much of a person‘s life trauma has evolved from unmet needs as a child. It is not unusual for families with significant financial resources to delegate the responsibility of raising a child. This often takes the form of the child being raised by nannies or being sent off to boarding schools. The child’s unmet need for love and connection can manifest as trauma for the rest of their life. Then, when they do inherit, they associate the financial resources with their childhood unmet needs and the money becomes toxic.

Divorcees and widows experience similar traumas, though later in life. The divorce or death is traumatic, in and of itself, and when coupled with the responsibility of managing, maintaining, understanding, and taking responsibility for the management of financial assets, the stress can become overwhelming.

At TWC, planners and coaches are wealth counselors, not therapists. We coordinate with all our clients’ advisors, including their tax planners, attorneys, Family Office, insurance advisors, and philanthropic advisors. We’re experts at identifying what’s there, what’s missing, and what needs to be done to protect our clients and their resources. We do this with an understanding of the emotional impact our clients are going through, and can guide them through the process with empathy, while coaching them to flourish.

10/29/2024

The Value of a Digital Estate Repository – Part II

In this two-part blog post series, we first went over the big picture items that leafplanner has to offer for estate organization, and in this part, we will detail the importance of your leafplan in the day-to-day aspects of life. If you missed last week’s blog and are unfamiliar with TWC’s newest partner, leafplanner, you can read it here.

Fortunately, you don’t need to die to enjoy the day-to-day benefits of leafplanner and how it can positively contribute to you, your advisors, and others’ lives.

First, there are alerts you can schedule. The alerts are a nice touch when things get busy, and your mental checklist gets bogged down with more pressing items. You can set alerts for passport applications, license renewals, birthdays, and much more. You can set multiple alerts for one item to have them staggered at different days or months.
Second, there are descriptions and notes that you can selectively leave in your documents and contacts so that when you share the information with whomever needs to know. They could, for example, get notified about the medical conditions of an elderly parent or pet; to how you acquired a custom art piece that has been in your family for decades; and/or how to respond to an earthquake or hurricane while you are out of town.
Third, is the ability to have your passwords in a centralized location. You have the option to add most or all your passwords to your leafplan and if you would prefer to have your passwords contained elsewhere, you can easily enter in a leafplanner a reminder for yourself of where you store said password.
Fourth, you can write personal letters to your loved ones and store them in your leafplan for your trusted advisors to distribute to them when needed. This enables your loved ones to get to hear your last words for them, without the possibility of the letters getting lost.
If you’re not a TWC client, but want to learn more about leafplanner, reach out to them here. If you’re already a TWC client and are interested in learning more about how you can start a leafplan, or if you’re not a client but are interested in learning more about how The Wealth Conservancy can help with navigating your estate plan or the complex aspects of an inheritance, please give us a call, or submit a consultation request to speak confidentially about your specific circumstances.