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Succession of a super fund

Published on 01 Feb 19 by "THE TAX SPECIALIST" JOURNAL ARTICLE

For many Australians, superannuation represents a major portion of their legacy to be left to dependants and beneficiaries. However, there are a number of traps when using a self-managed superannuation fund (SMSF) for estate planning, particularly where blended families are involved. For that reason, it is important to understand the rules for succession and control of SMSFs, and to set in place strategies to ensure your assets are passed to the right people in the most effective way on your death. By reference to current legislation, leading case law and commonly encountered problems, this article discusses how interests in an SMSF should be dealt with as a part of a comprehensive estate plan.

Author profile

Laura Hanrahan
Laura is a Senior Associate with HopgoodGanim Lawyers in Brisbane. She practices exclusively in the areas of superannuation, estate planning and administration. She assists clients in a range of matters including wills, testamentary trusts, powers of attorney, superannuation, family discretionary trusts and the administration of deceased estates. She has a background that includes family law, business services and taxation and is experienced to deal with the variety of issues associated with preparing comprehensive estate plans for clients. A member of the Society of Trust and Estate Practitioners and the SMSF Association of Australia, Laura regularly presents papers on relevant superannuation and estate matters to various industry audiences. - Current at 29 May 2019
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