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Executed 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 the future, then this podcast will be right up your alley.
As someone once said, “The road to hell is paved with good intentions”. So before you gift money, go guarantor, pay for school fees etc, listening to this podcast might be the best investment you have made for your family.
Tim Rivett is the managing director of Robert Harris Rivett. He was originally trained at a large commercial law firm in Brisbane and has brought his significant experience and training back to his Law firm based in Central Queensland.
Tim is a wealth of knowledge, and exceptional lawyer and an even better communicator. You can get in contact with Tim at https://robert-harris-rivett-lawyers.leapwp.com.au/people/tim-rivett/.
If this podcast has ever added value to your farming business, we'd love for you to leave us a rating and review on Apple Podcasts or Spotify.
https://pod.link/1598835360
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Ben Law is a coach to some of Australia's most successful farming families. He was raised on the land — three generations of farming in his blood — and has spent almost 30 years and more than 40,000 hours alongside farming families, first as their financial adviser and now as their coach. Along the way he learned the truth nobody talks about: what makes or breaks a family legacy isn't the money — it's whether the family can communicate, get aligned, and prepare the next generation before succession arrives.
That's what this podcast is about. Each fortnight Ben sits down with farming families, trusted advisers and industry experts to unpack how to build a family that thrives across generations — strong in business, strong in relationships, and set up to hand over the farm without losing each other.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
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Welcome to The Financial Bloke’s Wealth & Wisdom podcast.
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. Now he has decided to hang up his financial adviser boots, hand over the reins of his award-winning financial advice practice and become The Financial Bloke so he can help share the wealth and wisdom with you.
In this introductory episode Ben will gives you a sneak peek into what you can expect from the podcast and a glimpse of the type of guests you can expect.
If this podcast has ever added value to your farming business, we'd love for you to leave us a rating and review on Apple Podcasts or Spotify.
https://pod.link/1598835360
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Ben Law is a coach to some of Australia's most successful farming families. He was raised on the land — three generations of farming in his blood — and has spent almost 30 years and more than 40,000 hours alongside farming families, first as their financial adviser and now as their coach. Along the way he learned the truth nobody talks about: what makes or breaks a family legacy isn't the money — it's whether the family can communicate, get aligned, and prepare the next generation before succession arrives.
That's what this podcast is about. Each fortnight Ben sits down with farming families, trusted advisers and industry experts to unpack how to build a family that thrives across generations — strong in business, strong in relationships, and set up to hand over the farm without losing each other.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
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From the publisher's feed
The podcast for farming families who want to get succession right. Putting the success in succession.
Most farming families spend a lifetime building something remarkable, only to…
That's what this podcast is about.
Your host, Ben Law, coaches some of Australia's most successful farming families. Raised on the land with three generations of farming in his blood, Ben has spent almost 30 years and more than 40,000 hours alongside farming families, first as their financial adviser, now as their coach. Along the way he learned the truth nobody talks about: lasting success isn't about the money. It's about whether the family stays strong while the business keeps growing.
Each fortnight, Ben sits down with farming families, trusted advisers and industry experts to unpack what it really takes to build a family that thrives across generations: strong in business, strong in relationships, and set up to hand over the farm without losing each other.
If you're a farming family who wants to get ahead of succession, keeping the business winning and the family together, this is your podcast.
Subscribe and join Ben each fortnight. Because a great succession isn't luck. It's preparation.

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