Most farming families have a succession plan. The problem is it often lives in one person's head.

In this episode, Cameron Howlett - CEO and Independent Financial Adviser sits down with Shane Nicholas - Independent Financial Adviser and Partner at IWP. He talks through what it takes to hand over the family farm. He covers why fair rarely means equal, and why splitting the farm down the middle can leave it too small to run. He explains how control can pass to the farming child before the land does. He looks at how tax concessions shape the timetable. He also covers the step most plans miss: Mum and Dad need to fund their retirement off the farm.

Cameron also covers the conversations families tend to put off. These include protecting land if a relationship breaks down, keeping wills up to date as titles move, and the High Court's 2024 decision in Kramer v Stone on promises made to children who work the farm.

If the next generation is home, or thinking about coming home this one is for you.

Read the full article here: https://www.independentwealthpartners.com.au/insights/succession-planning-for-farmers/

(Independent Wealth Partners Pty Ltd (ASIC # 1286417 ABN 66 647 667 249) is an independent professional financial advice practice which operates under the Australian Financial Services Licence (Independent Wealth Services AFSL # 512433).

This document is general advice only and it does not take into account any person's individual objectives, financial situation or needs.

IMPORTANT: The projections or other information generated regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results.

This week, Shane Nicholas - Independent Financial Adviser and Partner is back on Freedonomix after a couple of months away. This week he talks with Cameron about his article, The Human Side of Investing: What Dalbar Really Tells Us.

Dalbar research tracks what investors actually earn when they move money in and out of the market. In 2024, the S&P 500 returned 25%. The average investor got 16.5%. In US bonds last year, investors kept about a third of the market return.

Shane and Cam explain why this happens. They cover fear, herd behaviour, the urge to "do something", and how our upbringing around money shapes our choices for life. They also share how a clear plan can help you feel safe enough to stay the course. That includes ring-fencing the money you need to live on, and waiting 48 hours before acting on a big decision.

A small gap each year adds up. On $1 million over 20 years, it can cost you $1.3 million.

DISCLAIMER: This videocast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.

This month Chris Haggart sits down with Shane Nicholas - Partner and Independent financial adviser at IWP to discuss all things economics and markets over the course of the last month.

DISCLAIMER: This videocast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.