A Binding Death Nomination ensures superannuation benefits in an SMSF are distributed according to the member’s wishes, reducing the risk of legal challenges.
Self Managed Super Funds
Supreme Court Decision – Binding Death Benefit Nomination and Enduring Powers of Attorney
turned_in_notBinding Death Benefit Nominations, Estate Planning, Self Managed Super Funds, Succession Planning, Super, Superannuation
Self Managed Super Funds, Binding Death Benefit Nominations, Enduring Powers of Attorney and your Will.
What happens to my superannuation in a property settlement?
What happens with superannuation after the break down of a relationship?
SMSF Beneficiary Nominations
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.
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