Recorded Interactive Webinar: The Interaction of the SMSF in the Estate Plan

Whilst the will is the guiding document to direct the distribution of a deceased’s assets, this doesn't necessarily always apply for superannuation death benefits. This session explores the discussion around an SMSF in the estate plan, including:

• When a will may play a part in the distribution of the super death benefit and when it won't
• The adult child tax rate implications for super death benefits and strategies to counter
• A review of binding death benefit nomination requirements and when the courts are considering them to be invalid
• The advisor discussion and documentation requirements when planning for an SMSF member’s death benefit
• Will drafting tips for super death benefits paid to the deceased’s legal personal representative
• The pros and cons of:
  • pre-death wind-up of the SMSF as part of the estate plan
  • transferring a non SMSF super balance into an SMSF pre death
• Strategies for dealing with:
  • blended family relationships
  • concerns with future family provision claims
• Case study - three adult children, a home, a trust and an SMSF, all of equal value:
  • estate planning documentation if child 1 inherits home, child 2 to have sole trust control and child 3 the SMSF balance
  • The pros and cons of the strategy
  • How tax equalisation can be addressed in the estate plan
  • How the planning can change when the trust, home and SMSF have significant differing values