09 January 2020 - SMSF Wills

Grant Abbott of LightYear Docs looks at the reasons why a binding death benefit nomination under the Superannuation laws can be dangerous and how a SMSF Will - a document dealing with the member's SMSF estate is a much better solution. In addition, Grant looks at a detailed case study where medical rooms are passed to an adult child from the SMSF rather than going through the estate and being subject to a Family Provisions action. SMSF Death Benefits Trusts are explained plus a review of the underlying LightYear SMSF corporate trustee and trust deed on what happens on the death of a member.