INSIGHTS & RESOURCES

Better Beef: Exit plan top priority for farmers looking to transfer wealth

Craig Duncan /  Harvey-Waroona Reporter / The West Australian and The Kimberly Echo

Keeping an eye on the exit can keep farming families out of financial hardship during takeovers, according to a regional financial adviser.

Mixing with the herd at the Better Beef expo in Bunbury last week, Integro private wealth adviser Bryn Evans laid out the key ways to avoid financial hardship when looking to transfer wealth across generations.

He said having an “exit plan” was the best way to prepare for the unexpected.