Business and Investing22 Feb 2023

Secure Your Family's Financial Future with Ray Regmi

EP 98: Our resident financial planner is back to talk about succession planning. Consider this episode as succession planning 101, a helpful guide on how to start thinking about succession planning.

NOTE: This episode is a general guide, NOT financial advice.

Episode Highlights:
00:00 Welcome to Business and Investing
03:22 How much wealth will the next generation most likely receive?
05:07 The best time to start succession planning
06:48 What you need to consider before starting
12:31 Different ways things can be passed on
16:12 Tax implications on inheritance
22:20 Helping your children earlier in life
29:09 Accumulating assets and succession planning
33:42 Contested wills
36:21 What is an investment bond?
41:43 What happens when there’s debt in the assets you pass on
43:02 Planning your children’s inheritance early on
46:33 Common mistakes people make when succession planning

If you enjoyed this episode, be sure to subscribe, tune in, and share this podcast!

Resources:
○ Business and Investing Website: https://www.businessandinvesting.com/
○ Business and Investing partners: https://businessandinvesting.com/partners/

About the Guest:
Ray Regmi is the Senior Financial Adviser and Principle of Ryker Capital (AFSL: 243313). They offer services to Australian business owners who are looking to reach financial independence and create true wealth.

To connect with Ray and the Ryker Capital team, head over to: https://businessandinvesting.com/partners/ryker-capital

Subscribe:
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DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

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