Do you know what will happen to your superannuation benefits on your death?
In recent years there have been increasing incidents of family members successfully challenging Binding Death Benefit Nominations (BDBN) via the Courts. In other words, the superannuation benefits have been distributed in a way other than the way the deceased intended. When you make a BDBN, it is critical that it is valid. To ensure the validity of your BDBN, it is essential to get advice from an estate planning specialist who will check the nomination complies with not only the governing rules as set out in the Fund Deed, but also the historical documents such as previous Deeds and other related documents. In … Continue reading Do you know what will happen to your superannuation benefits on your death?
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