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  1. S

    SMSF Legal Question

    Thank you for your replies. It has cleared up my misunderstanding. Also good points made by Terry_w about considering wills, the Legal Personal Representative and Binding Death Benefit Nomination. SYD
  2. S

    SMSF Legal Question

    I am thinking a person cannot hold assets on trust for themselves. So even though there is no other person involved, having a company as trustee does not make the arrangement a sham. Could this arrangement also work for non-super trusts where you are the sole beneficiary? Thanks. SYD
  3. S

    SMSF Legal Question

    Thanks Terry_w. LPR = Legal Personal Representative. BDBN = Binding Death Benefit Nomination Please let me know if these are incorrect. If the arrangement has the sole shareholder, sole director and sole member being the same person, is there any risk the arrangement can be...
  4. S

    SMSF Legal Question

    I understand a single member SMSF can have that member as the sole director of the corporate trustee. My question is can the member also be the sole shareholder? Or does it need an additional shareholder? Thanks. SYD
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