Posted in Beneficiary

  As a result of superannuation, life insurance, inheritances and homes, most people are worth more than they think. When organising your will, it is important to structure your estate to ensure that all of your assets are distributed to the people you choose, and that those people do not pay more tax than is necessary. Considerable savings are available if you take the time to plan your estate properly. One tool for structuring estates is the discretionary will o...

Following the death of a member of a super fund the trustee is responsible for administering the members balance by way of payout to beneficiaries or by allocating to a reversionary pension. To remove this uncertainty we recommend that members consider a Binding Death Benefit Nomination. Many of our funds have non-binding nominations in place that can be used by the trustee as a guide when distributing death benefits. The problem is that ultimately with a non-binding nominatio...