Tag Archive for: Superannuation

In our next true or false series Eme-lee and Camille discuss whether an ex-partner can make a claim on your Will…

In our next true or false series Eme-Lee and Camille discuss if all of your assets are covered by your Will…

In our next true or false series Eme-Lee and Camille discuss why it is still important to have a Will even if you have minimal assets.

In our next true or false series Eme-Lee and Camille discuss why it is still important to have a Will even if you have minimal assets.

In our next true or false series, Eme-Lee and Camille discuss if your Power of Attorney covers both your financial and medical decisions if you were to lose capacity.

In our next true or false series Eme-Lee and Camille discuss if your Will covers who makes decisions for you if you lose capacity. If there is something you would like to see answered in this series, send us a message and we’ll do our best to help.

In our next true or false series Eme-Lee and Camille discuss if your beneficiaries can also be the executors and trustees under your Will. If there is something you would like to see answered in this series, send us a message and we’ll do our best to help.

 

Eme-Lee and Camille are bringing you a new true or false series to answer the common questions we get from clients about Estate Planning and Deceased Estates.

In the first segment, Eme-Lee and Camille discuss whether Superannuation is covered by your Will?

If you have any questions or would like help with your Estate Planning, please do not hesitate to contact us on 9523 5535.

Disclaimer: The information contained in this article is provided as general information only. It is not intended to be legal advice and it should not be used or relied on as legal or professional advice.

Superannuation is becoming one of the largest (if not the largest) asset a person holds at the time of their death. However, contrary to popular belief, your superannuation is not automatically covered by your will. Instead most super funds allow you to nominate a person or persons to be paid your super in the event of your death.

Australians are known to love property as an investment vehicle. Generally this has been achieved by borrowing from a bank to purchase property before paying it off over time. Since 2007 self managed superannuation funds (SMSF) have been allowed to borrow money to acquire property, which has seen a large increase in the amount of SMSFs and the amount of property owned by SMSFs.

What is a SMSF?

A SMSF is a superannuation fund that has four (4) or fewer members and is an alternative to retail and employer sponsored superannuation funds. In a SMSF, the members (who are subject to strict rules) have control over the superannuation fund, its investments and decisions.

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