The Truth About Farm & Business Succession Planning

Farm and business succession is one of the most complex and emotional areas of financial planning. The numbers can get very large and there are two things that have to be protected at once. The retiring parents who built the business and need to be looked after first. And the business itself, because none of this works if the business is not protected through the transition. Equal is rarely achievable. But equity is. The children who are not taking on the farm or business should still receive an amount that is meaningful to them. An amount that changes their life. That is the goal. It is difficult. But it is possible with the right planning. General Advice Only. Robert Goudie is an Authorised Representative (No. 235974) of Consortium Private Wealth Pty (AFS Licence 495401).

Disclaimer || The information provided in this post is general in nature only and does not constitute personal financial advice. Robert Goudie is an Authorised Representative (No. 235974) of AFSL 495401.