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BDBNs in the Spotlight - Wooster v Morris and Ioppolo v Conti

Published on 30 Apr 2014 | Took place at RACV Club, Melbourne , VIC

Binding death benefit nominations (BDBNs) have been in the spotlight recently with the handing down of the Wooster v Morris and Ioppolo v Conti decisions. These cases are a wakeup call for advisers and clients alike to ensure that they appropriately deal with superannuation and SMSFs in the estate planning process. These decisions also highlight the importance of ensuring that the control of an SMSF, and its trustee, are properly structured.

This event covered:

  • what can be learned from the decisions of Wooster v Morris and Ioppolo v Conti?
  • what impact does the requirement to act in good faith have on an SMSF trustee’s discretion?
  • BDBNs v reversionary pensions - Which is preferable and which one wins out?
  • do “life interest” pensions work?
  • how should the control of an SMSF and its trustee be structured or restructured to help ensure control on death?

Individual sessions

BDBNs in the spotlight - Wooster v Morris & Ioppolo v Conti

Author(s):  Philip BRODERICK

This presentation covers:

  • Wooster v Morris
  • Ioppolo v Conti
  • Donovan v Donovan
  • BDBNs
  • reversionary pensions
  • which takes precedence BDBNs or reversionary pensions?
  • "life interest” pensions
  • control of SMSFs
  • requirement to act in good faith.
Materials from this session: