Smarter SMSF

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November 24, 2013  

SMSF Podcast Show - Episode #7

November 24, 2013
It is all too often that a lack of appropriate estate planning ends up leading to the courts to resolve family disputes over family wealth.  With superannuation now a significant part of an individual's wealth pool, this area is likely to lead to greater dispute through the courts.  Putting in place the appropriate death benefit nominations to deal with the orderly transfer of wealth is a critical ingredient to building a SMSF estate plan.

In this week's SMSF Podcast Show, Aaron is joined by Ian Glenister, Solicitor and co-founder of The SMSF Academy to discuss the importance of death benefit nominations in light of a recent Victorian Supreme Court decision in the case of Wooster vs. Morris [2013] VSC 594.  With a growing number of blended families in existence within Australia, this decision handed down provides some valuable lessons for both trustees and professionals to ensure appropriate attention is given to the structuring of estate planning outcomes and validity of death benefit nominations.