Build Back Better - How to Build Wealth for the Family

Clay: We're perpetuating that cycle of having to continue buying the ranch from the previous generation. Clay: How do we get out of that cycle and get to a place where it starts to build wealth, not just service debt? He says estate planners in the farming industry have just forgot about the power of that discounted dollar that's income tax free. Clients should buy life insurance and leave the death benefit to the farm kid then use it to buy more life insurance and leaves it to the next generation.