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

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 planning is vitally important if you want to keep your hard earned wealth, in your family. 

Today our guest is Estate Planning Lawyer Tim Rivett. 

In this episode Tim and I are going to discuss what is Estate Planning, why just having a Will isn’t enough, the common mistakes as an estate planning specialist he sees people make and the things you can do to start sorting your estate planning out. 

You can find out more about Tim:

• Website:  https://rhrivett.com.au/
• Facebook:  https://www.facebook.com/rhrivett
• Instagram:  https://www.instagram.com/rhr_lawyers/

-----------------------

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/