#1: The Pros and Pitfalls of Financially Assisting Your Family with Lawyer Tim Rivett

Executed well, financially assisting your family can be an amazing gift but done poorly can become a financial disaster and cause irreparable damage to family relationships. 

Ben and our guest Tim Rivett have over 35 years of combined professional advice experience. In this episode, Ben and Tim explore some of the pros and pitfalls of financially assisting family members and some of the ways you can minimise the financial and relationship downside risks. 

If you have kids or grandkids and you have helped them out, or you think you might want to help them out in the future, then this podcast will be right up your alley. 

As someone once said, “The road to hell is paved with good intentions”. So before you gift money, go guarantor, pay for school fees etc, listening to this podcast might be the best investment you have made for your family. 

Tim Rivett is the managing director of Robert Harris Rivett. He was originally trained at a large commercial law firm in Brisbane and has brought his significant experience and training back to his Law firm based in Central Queensland. 

Tim is a wealth of knowledge, and exceptional lawyer and an even better communicator. You can get in contact with Tim at https://robert-harris-rivett-lawyers.leapwp.com.au/people/tim-rivett/. 

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/