Published on 22 Aug 12
by VICTORIAN DIVISION, THE TAX INSTITUTE
When considering and advising with how super benefits can be dealt with on a member's death or incapacity it is crucial to have the right 'tools'. This paper examines some of those tools, including:
- How binding death benefit nominations, reversionary pensions and enduring powers of attorney (financial) operate or can fail
- How these instruments can work together in the super/estate planning arena
- When binding nominations and reversionary pensions take precedence over the other
- Illustrating how an enduring power of attorney (financial) can be used where a trustee loses capacity.