STRATEGY
The estate planning path: part two
The ability of superannuation death benefits to be treated separately from a deceased person’s estate is beginning to be negated. In the second part of this estate planning series, Grant Abbott highlights a recent court case with concerning implications for SMSFs.
GRANT ABBOTT is the founder of LightYear Docs.
42 selfmanagedsuper
Over the past few months, selfmanagedsuper has published several articles, discussion pieces and analyses of the best ways in which to enact an SMSF estate plan. Given there is more than $400 billion of wealth to pass out of SMSFs as a consequence of the death of fund members over the next 20 years, it is clear for SMSF advisers and lawyers we are dealing with a big game ahead.
Following my last article published in this magazine, I was going to go through the six components of an effective SMSF will. However, something far bigger and more important is staring us in the face and it must be addressed now.
Family provisions claims The traditional will we see at law firm Abbott &
