Tax obligations relating to superannuation death benefits should be considered when making your nominations
When it comes to super death benefits there are two overarching areas of law which affect beneficiaries – superannuation law which sets out who a death benefit is payable to, and taxation law which sets out how the death benefit will be taxed. Your super fund can pay...
Making a provision in your Will to protect a vulnerable member of your family requires special consideration
Making provision in your Will for a person who is unable to adequately or responsibly manage their financial affairs requires special consideration. Vulnerable beneficiaries may include those whom: Have a severe disability; Suffer from a mental incapacity; Have an...
In addition to having a Will, residual superannuation needs to be dealt with before you die
Having a valid Will in place ensures that in the event of your death your assets and interests go to the right person(s). Your superannuation however, does not automatically form part of your estate assets and therefore is not subject to the terms of your Will....
