SUPER AND ESTATE PLANNING

Many people are surprised to hear that in the absence of a Binding Nomination, the payment of their superannuation benefit after their death is almost always in the discretion of the Trustee of the Fund. It is therefore important to turn your thoughts specifically to your superannuation when you make a Will or consider your estate planning. Here are some questions you can ask yourself about your superannuation to see if you need advice in relation to payment of your super fund benefit on death…