Can a BDBN specify how a death benefit is paid?
21 Jan 10 |
CCH TAX WEEK
Issue: Issue 2 2010
Pages: pp. 1-3
Many wish to enforce not just to whom their super benefits are paid upon death, but also how those benefits are paid. This wish is common in clients with spendthrift spouses. Often such clients are concerned that if their spendthrift spouse receives a death benefit lump sum, those benefits will be quickly spent leaving the spouse financially unsupported.
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Bryce is a Director at leading SMSF law firm DBA Lawyers. He practices predominantly in taxation and superannuation law, particularly the law of SMSFs. He is regularly quoted and published in the Australian Financial Review, the Herald Sun, CCH and LexisNexis publications, and elsewhere in the financial press. He presents extensively to accountants, financial planners and lawyers Australia-wide. Bryce has worked with DBA Lawyers since 2003. He holds both a bachelor degree and a masters degree in law and is an accredited Specialist SMSF Advisor.
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10 December 2015