SMSF

In our exploration of estate planning this month, we've delved into a topic that often doesn't get the attention it deserves: simultaneous deaths. While such events are rare, it's essential to understand the potential implications, especially when it comes to beneficiary nominations, both within and outside of superannuation. When two or more individuals pass away simultaneously, the order of their deaths becomes critical in determining the distribution of assets, particularly for jointly held property and

In most cases when someone passes away their super is paid to their dependents. However, there are instances where it is paid to the deceased’s estate. If a person’s super is paid after death, it’s called a death benefit, this benefit is comprised of their super account balance and if there was any death insurance cover. It is important to carefully consider who will receive any benefit as even if someone doesn’t have a lot