Changes to Succession Law for 2015

The most significant changes we see are the duties of executors and administrators in relation to the estate assets, compared to the rights and obligations that apply to the superannuation entitlements. We are finding that this is a significant pressure point where clients have not made a clear binding death benefit nomination on their superannuation member benefits.

 

To save a great deal of heartache we strongly recommend that clients prepare and execute a detailed binding death benefit nomination, whether it is an industry superannuation fund of a Self-managed fund. Ask us how we can do this in conjunction with your overall estate plan.