Estate Planning & Superannuation

Superannuation is often one of the most significant assets with an estate. Careful estate planning will not only give you peace of mind for your family’s future, but ensure that your estate attracts as little tax as possible when it’s transferred to your beneficiaries. SMSFs can be an effective estate planning tool given the control members have over their funds and the flexibility that it offers. However, trustees should also be aware that unless proper plans and mechanisms are put in place, that same flexibility can result in estate planning outcomes that are very different from what a member intended.

We will assist with planning strategies that may be utilised to achieve your estate planning goals while minimising the impact of income tax on beneficiaries or dependants. We can also advise trustees with respect to death benefit nominations and death benefit rules within a superannuation fund.