A farm is more than land and crops; it is a family’s heritage and future.
A farmer without an estate plan is like ploughing through the bookkeeping; an endless task and usually undertaken with mounting pressure or stress. A farmer and their family can suffer without investing in their estate planning. Failing to invest can see the farm and family livelihood at risk. Thinking now about the future can help you put in place mechanisms that will make it just that little more bearable for the loved ones you leave behind.
In recognition of just how important estate planning is for the farmers of our communities, the Queensland Government is now offering a rebate of up to 50% of costs associated with succession and estate planning advice.
This scheme is available to primary producers and their relatives. The scheme allows for a maximum of $2,500.00 each financial year to be granted towards succession/estate planning advice. This is the perfect opportunity to make hay while the sun shines and get your affairs in order with an estate plan. More information about the rebate is available here.
Why is estate planning important?
Estate planning is an important aspect for every person. Here at Bennett & Philp Lawyers, we pride ourselves in assisting our clients to protect their assets and their family on their journey through life and through the inevitable adventure of their passing. We have a unique understanding of estate planning within the rural lifestyle and farming family dynamics. Armed with this insight, we endeavour to ensure our clients understand how their family will be protected after they pass away, how their legacy will live on and their wishes be honoured.
Please contact our estate team on + 61 7 3001 2999 for the opportunity to discuss your estate planning options which may include any/all of the following:
- Enduring Power of Attorney;
- Superannuation succession advice;
- Life Insurance succession advice;
- Implementation and/or review of Trusts;
- Advance Health Directive, and
- Business succession advice.