A large portion of the Australian farming community are farms that have been handed down through the generations and are often operated by siblings. Siblings who have been raised on the farm and who may also have children who will one day take over the operations, whilst others will venture off in different directions.
In many instances, the farm makes up the majority of the family assets. So let’s ponder a couple of scenarios.
The farm is a significant asset and as mentioned has likely been handed down through family generations. However, an early death can bring this long history undone. That is, unless there is proper planning and strategies put in place.
Why not have a chat to one of our specialist advisers about your circumstances and how we can help you.