Actively, intelligently participate in your wealth management...without sacrificing the pursuit of meaning in your life.
Upon hearing of a "system" for inheritors, you might think: "Yeah right, as if my inheritance was exactly like everyone else's-my circumstances are unique!" Though you indeed are a one-of-a-kind individual, not all details and specific challenges of your inheritance are as unique as you might think. After 25 years of intensive work with individuals like you, we at The Wealth Conservancy have determined the most frequent questions and the most commonly needed resources for every inheritor. With this knowledge, we created The Inheritor's Empowerment System (TIES).
TIES features nine inheritor-specific programs that can be applied to your own situation for an improved understanding of the issues you face. That means increased peace of mind and confidence for you. No, this system doesn't answer every question or address every nuance of your specific situation-we always get to those soon enough. Think of it as a kick-start to your freedom: the details of your wealth management can be overwhelming; let TIES efficiently resolve the most common challenges.
It all begins with The Fiduciary Engagement Commitment-your legal assurance that The Wealth Conservancy will always put your needs first. Shockingly, most financial service firms will not agree to sign such a document. Finding experts you can trust is your first great challenge as an inheritor; wouldn't it be nice to start with experts who declare their integrity up front, on paper? Would you trust someone who refused?
TIES' next step is The Family Dynamic Clarifier. Though your family culture-and your position within it-are certainly unique, there are many common steps involved in understanding the values, dynamics, and pressures affecting your specific situation. If you want a wealth management plan that takes account of the human factors, not merely the financial factors, then The Family Dynamic Clarifier is a must.
The Financial Snapshot is the quantifiable assessment of your assets and financial circumstances. There is a finite number of such circumstances: whether your assets are in your own name, a trust, family businesses, partnerships, LLCs, or any combination of these. Though the details of your big picture are often fluid and complex, The Financial Snapshot freezes your picture at a single moment in time, allowing for detailed analysis and simplified planning.
Your Snapshot establishes a clear foundation from which we engage The Exposure Disclosure to reveal the inconsistencies and oversights in your starting position. This is where we help identify both immediate concerns and long-term problems. The time and care we spend to diagnose current problems-and their future risks-assures that we will work toward the best solutions for your particular circumstances.
Defining Your Nut determines if you have enough wealth to satisfy your ideal spending level for your lifetime. The answer will influence every other aspect of your plan, so it's important to determine if (a) you'll have more than enough, in which case you should be planning a legacy; (b) you'll have just enough; or (c) you won't have enough and thus must add wealth creation to your plan of wealth conservation.
After your "nut" is secure, you are ready for The Drudgery Eliminator. Here, we help you wisely delegate tasks that don't feed your soul. From financial responsibilities like investment-manager analyses and estate-plan updates to personal duties like grocery shopping or family-reunion planning, The Drudgery Eliminator helps you maximize the freedom in your life.
With all this newfound freedom you will have created, you are ready for The Future Visioning Exercise: a process of defining how your life can have more impact, empowerment, fulfillment, and satisfaction. As an inheritor, you have received the opportunity to develop your own future, but this opportunity doesn't come with a manual, a road map, or much guidance at all. That's where we can help.
The View Finder is a constantly evolving process of aligning the nitty- gritty details of your finances with the path you determined in your Future Visioning Exercise. As you and the world's economies change, The Wealth Conservancy works with you to assure that your plan is dynamic enough to keep pace.
The Freedom Expander is the ultimate stage of TIES. Here is where it all synchs up: your life's vision, the unavoidable necessities of daily life, and everything in between. Whether you need accountability to make sure you don't take new-found freedom to excess, or whether you need further application of the Drudgery Eliminator to free up more time for your passions, we'll help you stay on track.
The Inheritor's Empowerment System breaks down each of these nine stages into manageable, quantifiable, not-too-daunting increments of success and empowerment. Start by giving yourself permission to succeed and all of us at The Wealth Conservancy will be right there with you all the way.
For inheritors who want to develop life-summiting skills to achieve success and enjoy a sense of accomplishment.
