Service

Superannuation Death Benefit Nominations

Superannuation is often the second most significant asset accumulated over a lifetime (after real estate). For many Australians, it is their largest financial asset, particularly where life insurance is also attached.

Despite this, appropriate Superannuation Planning is often an after thought or overlooked entirely, with many assuming that the balance of their super fund will automatically form part of their estate. Unfortunately, this can lead to unintended outcomes.

Andrew provides advice and guidance on how the law deals with your Superannuation after your death, the role of Death Benefit Nominations and why making the right nomination is essential to ensure your wishes are carried out.

What's Involved?

To be valid, Death Benefit Nominations must be permitted under the trust deed rules of the Superannuation Fund, compliant with the Superannuation Industry (Supervision) Act 1993 (Cth) (SIS ACT) and signed and witnessed correctly.

In making a Nomination, you need to check that your superannuation trust deed rules allow you to make a Nomination, decide what type is best for you, make sure the person(s) you are nominating are eligible to be paid your super and ensure the Nomination you sign is legal and valid.

How We Prepare Your Superannuation Death Benefit Nomination

Consultation & Document Review

Discuss your fund circumstances, review your Superannuation Trust Deed, advice on the power to nominate, permitted nominees and nomination type options.
Document Preparation

Andrew prepares the Nomination documents.
Review and Execution

Documents are reviewed, questions answered, then formally executed in accordance with Commonwealth law.
Safekeeping

Andrew advises on safe storage and provides guidance on when the Nomination should be reviewed.