63. Succession Planning with Terry Waugh

Aug 18, 2022•48 min

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Episode description

Today we’re talking about succession planning with the one and only Terry Waugh.

This is a pretty big topic but we’ll be focusing in on areas such as:

What is succession planning and why should we care? (02:22)
What are some of the available options for succession planning? (04:19)
Wills (07:06)
Testamentary trusts (13:31)
Succession planning within companies (20:52)
Superannuation - who gets it when you die? (24:15)
SMSF - what are the key differences? (28:42)
Life insurance inside superannuation (39:30)
How to protect your kids in case you die (31:01)
How much do these structures cost? (33:27)

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