Shows
AgriCoach Wealth & Wisdom Podcast by The Financial Bloke#91: Death Taxes, Political Agendas, and the Future of Farming with Tim Rivett - LawyerBen Law is back with Tim Rivett to unpack a controversial topic affecting farming families worldwide: inheritance taxes. As whispers of policy changes gain momentum, Ben and Tim dissect the UK’s sudden move to slash tax exemptions for farmers and what it might mean for Australia. Discover why death taxes are back on the table, how governments eye the “pot of gold” in farming assets, and the ripple effects for multi-generational businesses. With real-world examples, including political missteps and public backlash, this episode is a wake-up call for farmers to get ahead of the curve. Whethe...2025-01-1646 minAgriCoach Wealth & Wisdom Podcast by The Financial Bloke#76: Unlocking the Power of Testamentary Trusts: Expert Tips with Tim Rivett - LawyerIn this episode of the AgriCoach Wealth and Wisdom podcast, we dive into the legal intricacies of testamentary trusts with the ever-knowledgeable legal expert, Tim Rivett. Estate planning, especially for agribusinesses, demands careful consideration, and Testamentary Trusts can be a real game-changer. Join us as we break down the fundamentals of testamentary trusts and why they're crucial for intergenerational agribusinesses. From asset protection to tax advantages, Tim lays out the benefits in layman's terms, distinguishing it from other types of trusts. But how do you know if you need a Testamentary Trust? Tim outlines the tr...2024-07-1846 minAgriCoach Wealth & Wisdom Podcast by The Financial Bloke#39: Navigating the Pitfalls Of Renewable Energy Agreements - Wind & Solar - A Farmers Guide with Lawyer Tim RivettIn recent years, there has been a growing trend of farmers signing agreements with renewable energy companies to lease their land for wind or solar energy production. While these agreements can offer a significant source of income for farmers and contribute to a more sustainable energy future, they can also come with potential risks and challenges.In this episode, we will explore the different factors that farmers need to consider before signing a wind or solar agreement. We will discuss the legal implications of these agreements, as well as the impact they can have on a farmer's...2023-03-2050 minAgriCoach Wealth & Wisdom Podcast by The Financial Bloke#27: Death Taxes - Is The Tax Man Coming For Your Farm?We’ve all frequently heard naive politicians suggesting we “tax the rich” – which on the surface seems kind of ok, doesn’t it? But what I want any business owners - which includes farmers and graziers - to understand is that you are the “rich” they’re talking about. That’s because you own land and there is money in land, easy taxing money!Today Tim Rivett and I will be discussing death taxes which I am hearing more and more politicians talking about in the media. For anyone that was in farming back in the 60-70’s this s...2022-10-0947 minAgriCoach Wealth & Wisdom Podcast by The Financial Bloke#22: Kids & Money - Part 2 of 3 - Kids Under 12 with Tim RivettMost parents want their kids to learn how to be good with money. They instinctively know that a failure to learn how to play the game of money will put their kids at a major disadvantage, making their lives so much harder. But, whilst the majority of parents want to help their kids, most just don’t know how the hell to go about it. Because this this is such a hot topic with most parents, I decided I would try a Three Episode series on Kids and Money which I’ve called Money Muscles. In thi...2022-08-1552 minAgriCoach Wealth & Wisdom Podcast by The Financial Bloke#21: Kids & Money - Part 1 of 3 - Why Money Skills Are Important with Tim RivettMost parents want their kids to learn how to be good with money. They instinctively know that a failure to learn how to play the game of money will put their kids at a major disadvantage, making their lives so much harder. But, whilst the majority of parents want to help their kids, most just don’t know how the hell to go about it. Because this this is such a hot topic with most parents, I decided I would try a Three Episode series on Kids and Money which I’ve called Money Muscles. In thi...2022-08-0837 minAgriCoach Wealth & Wisdom Podcast by The Financial Bloke#11: Protecting Farming Wealth - Why Having Just A Will Isn't Enough with Lawyer Tim RivettWhat 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 b...2022-04-111h 02AgriCoach Wealth & Wisdom Podcast by The Financial Bloke#1: The Pros and Pitfalls of Financially Assisting Your Family with Lawyer Tim RivettExecuted 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 th...2021-12-201h 21