Recorded Webinar: Death Benefit Nominations for Self-Managed Superannuation Funds: What are the Pitfalls?

For many clients, superannuation is their biggest asset after the family home - so the stakes are high. Death benefit nominations can be a useful way of ensuring the death benefit gets to the right intended beneficiary. But, in order to be effective, you need to avoid the common traps and hazards. These are examined in this session, including:

• Does the trust deed allow for the making of a death benefit nomination, of a binding/non-binding and lapsing/non-lapsing nature?

• What does the trust deed require for a non-lapsing BDBN?

• Choosing appropriate beneficiaries

• Is renewal of the death benefit nomination necessary?

• Can an EPOA make a BDBN?

  • Issue around conferring benefits in NSW

  • Issue re: conflict transaction in Qld

  • Re Narumon Pty Ltd [2018] QSC 185

• To bind or not to bind - considerations in the decision as to whether to make a BDBN