Thursday, February 19, 2009

SMSF Superannuation - who gets it when you DIE?

Superannuation all goes to the oldest son- by LawCentral:



Question: My adviser has suggested that I make binding nomination for my superannuation. This is to ensure that my Super goes to my three children equally at death. I have my own self managed superannuation fund. My eldest child is the co-trustee of the SMSF. I have already made a non-binding direction that the funds are distributed between my children. Surely, if there are any problems, my Will (which also leaves everything in equal shares) deals with this?

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