De facto death duties - do benefit "triggers" and "tipping out" provisions work?
19 Nov 14 |
AUSTRALIAN SUPERANNUATION LAW BULLETIN
Issue: Vol 26 No 9 October 2014
Pages: pp. 109-112
If it were possible to treat a superannuation benefit paid out following the death of a member as a "superannuation member benefit" because it had crystallised and become the "property" of the member prior to his or her death, then such benefit would be payable to the member's deceased estate. The "death benefit" may not then be a death benefit at all and the provisions under the fund's governing rules about the payment of a death benefit may not apply. Further, the deceased member's testamentary wishes expressed in a will may then, contrary to popular commentary, be very relevant in determining who receives the member's superannuation benefit.
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Suzanne is a Barrister specialising in financial services, superannuation, trusts and equity, taxation and general corporate and commercial work.
- Current at
23 September 2019