Chapter 9: Estate planning and protecting your SMSF
Outside the family home, superannuation is likely to be one of your largest assets. Many people assume their super will automatically form part of their estate on death. They are wrong. Without certain measures in place, the member’s super benefits won’t even be distributed according to their will.
That’s where one of the advantages of an SMSF comes in — you can ensure your super assets will be divided among your beneficiaries in the way you intend.
Who can receive your super benefits?
The laws are very precise about who can receive your super benefits, regarding only superannuation dependants or your legal personal representative as eligible beneficiaries. Superannuation dependants include ...