#11: Protecting Farming Wealth - Why Having Just A Will Isn't Enough with Lawyer Tim Rivett

The AgriCoach Podcast by The Financial Bloke · Apr 11, 2022 · 1h 2m

What happens to all the wealth you have built once you pass away?

I want you to ask yourself:

How do I want my wealth distributed when I die and what is the likelihood of that actually happening?

Do I want my family to get the wealth when I die or do I want to make a bunch of lawyers rich?

Do I want my kids to ‘fall out’ over my estate?

Do I want the government to get a big chunk of my estate in taxes?

And if you are in business or in the business of farming:

Will the business be able to keep going when I die?

These questions have just scratched the surface, but you get my point - estate…