Pre-planning for incapacity and death of an SMSF trustee and member goes a long way to reduce disruption and disputes that may otherwise occur. This session looks into who fills the shoes of an SMSF trustee, whether pre planned or not, including:

• How can an SMSF member ensure their wishes are carried out in the event of incapacity or death?
• Impact on incapacity and death where trustee is:
  • an individual
  • a corporate trustee
• What decision making capacity does a power of attorney have for SMSFs?
• Who steps in as trustee when a member has:
  • no will
  • no power of attorney
• Strategies for:
  • cutting off potential disputes and conflicts of interest
  • making life easier for someone to step into a trustee’s shoes