Estate Planning

SMSF Beneficiary Nominations

turned_in_notEstate Planning, Self Managed Super Funds, Superannuation, Wills

It is not well-known or understood that on a Member’s death their superannuation benefits do not automatically form part of their estate. Nor can they be given away by a person’s Will. Most Superannuation Fund Trust Deeds require the Trustee to take into account the Member’s beneficiary nomination. Any person setting up a SMSF should ensure that they put in place a valid death benefit nomination.

What is a Statutory Health Attorney?

turned_in_notEstate Planning, Powers of Attorney, Statutory Health Attorney

Statutory health attorneys’ can make decision in regards to most health care matters, these may range from the consent to surgical treatment to the cessation of life support. However, a statutory health attorney cannot make decisions that would be classed as special health care decisions. A statutory health attorney’s power to act will only begin when the person lacks capacity.

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