Search results

Thanks Paul. I thought putting a poll in there would make it sink in more. In Summary Super is outside your will and your will cannot deal with it. An exception is if it is left to your legal personal representative A SMSF trustee is the one who decides where your super goes An exception...

Some funds don't allow non lapsing nominations. In these cases the person must renew the nomination every 3 years. Not good if you forget and impossible to renew if you are in a coma. As a safe guard I often encourage people to consider putting specific powers in an enduring power of attorney...

In that case it could go to either 1. Children of the deceased, if there are any, and/or 2. Any person who has an interdependency relationship with the deceased (at the time of their death) and/or 3. To the estate - and then via the will or intestacy laws.

Superannuation is held on trust for its members. Upon the death of a member it is the trustee that decides where the member's benefits are paid. This is subject to the law under the SIS Act which stipulates that a death benefit can only be paid to a member's dependents or to the legal personal...

There are an increasing number of court cases involving super death benefits. As super gets larger and large these sort of disputes are expected to increase.