SMSF Wills for estate planning security in your SMSF

Wednesday, 16 June 2010

With the introduction of the Simpler Super laws from 1 July 2007 and the Commissioner recently stating that the use of a binding nomination is no longer valid for a SMSF, the SMSF Will takes on the mantle of supreme estate planning structure for all members of a SMSF. Importantly the SMSF Will allows:
  1. A member to maximise the tax efficiency of their SMSF estate leaving specific benefits to dependants, non-dependants and legal estate.
  2. Your executor to take your place as trustee of the fund on your death until your SMSF Will is carried out.
  3. To pay out specific assets of the funds to beneficiaries, much the same as a specific bequest in a Will.
SMSF Strategies has helped to develop and pioneer the SMSF Will, so please do not hesitate to contact us to arrange an appointment to see how some of the latest SMSF estate planning strategies may help you and your family.
Please see below for a SMSF Will order form as well as a simple newsletter on SMSF Estate Planning.  Don't forget to view Grant Abbott presenting on SMSF Estate Planning and the importance of the SMSF Will.