Agricultural Families and Farming Succession
Succession planning, estate coordination, and intergenerational transfer for farming families.
Farm succession is not a single event. It is a multi-year process that intersects trust structures, CGT concessions, superannuation, insurance, and family dynamics. Without a coordinated plan, farming families risk losing significant value to tax, disputes, or poorly timed transitions.
Build MyWealth works with agricultural families to connect every piece of the succession puzzle — from entity structuring and insurance funding to estate planning and retirement income — so that the farm, the family, and the finances are aligned.
Why Farming Families Need Coordinated Advice
Farm succession intersects trust structures, CGT concessions, superannuation, insurance, and family dynamics. The challenge is not that farming families lack advice — it is that advice from different professionals rarely connects. An accountant structures the entity. A lawyer drafts the will. A financial adviser reviews super. But no one checks whether those three pieces work together when the succession actually happens.
Without coordination, families face unexpected capital gains tax on transfer, insurance gaps at the worst possible moment, retirement income shortfalls for the exiting generation, and disputes between on-farm and off-farm children. Build MyWealth sits in the middle of these relationships and ensures every piece is aligned before the transition begins.
What We Cover
- Succession planning and intergenerational transfer
- Primary production CGT concessions and structuring
- SMSF strategy for farming families
- Life and TPD insurance as succession funding
- Estate planning coordination across wills, trusts, and business agreements
- Off-farm wealth building for retirement funding
Related Strategy Pages
- Farm Succession Planning — CGT concessions, insurance funding, and intergenerational transfer for farming families
- Estate Planning Strategy — Succession planning, testamentary trusts, and intergenerational wealth transfer
- Risk Insurance Strategy — Protecting farming operations and family income
- SMSF Strategy — Self-managed super fund strategies for primary producers
Sangram Rana is an IFA Excellence Awards finalist: Risk Adviser of the Year 2022, 2023, and 2025, SMSF Adviser of the Year 2022 and 2023, and Client Outcome of the Year 2022. Published in the Australian Financial Review, Money and Life, SmartCompany, Inside Small Business, Professional Planner, Life Insurance Guide, CommBank Brighter Magazine, and Benefolk. Corporate Authorised Representative, Lifespan Financial Planning AFSL 229892.
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Build MyWealth is a trading name of Accounting Cloud Pty Ltd. Sangram Rana is a Corporate Authorised Representative of Lifespan Financial Planning Pty Ltd AFSL 229892. This page contains general information only and does not constitute personal financial advice. Financial Services Guide available at lifespanfp.com.au.
Rates and thresholds should be confirmed on ATO published pages at the time of implementation, as indexation and legislation changes can occur.