Superannuation member death benefits do not form part of the member’s deceased estate as they are an asset of the fund which holds them on trust at the date of the member’s death. Accordingly, appropriate documentation is vital to ensure the desired recipient receives them.

Whilst these benefits do not for part of a deceased estate they need to be part of the member’s Estate plan.

Recent changes to superannuation laws means any nomination made by the member needs be reviewed and the new opportunities which now exist for how such benefits are best dealt with requires both consideration and, if appropriate, implementation.

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