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

An Introductory Video Snippet (< 1 min):

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Show Notes:

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 Financial Bloke each fortnight for more Wealth & Wisdom.