#114 – SMSFs: strategies to manage non-death exit events

In many estate planning exercises, superannuation held via a self managed superannuation fund (SMSF) is either the second largest – or largest – asset.

As life expectancies grow, so too does the probability that control of SMSF assets will need to be managed prior to a member’s death.

At a minimum it is therefore  critical for all advisers to understand the interplay between the state based enduring power of attorney regime and the federal  rules regulating SMSFs.

This session will explore all the key issues in this regard, including:

1. The implications of leading recent court cases
2. The interrelationship between attorneys, SMSFs and binding death benefit nominations
3. The ability for attorneys to make withdrawals prior to death – and mandate post death distributions via BDBNs
4. Current strategies in relation to the structuring of  appointment of attorneys for SMSFs

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Reminder to View Community members – join us in the FaceBook group for a deeper conversation about this topic and how you can leverage your learnings for your customers.

Not a member? Learn about View’s online mastermind communities below to see which one (or three) suits the needs of you and your business.

Techniview: For advisers working in holistic estate planning (including trusts, asset protection, superannuation, tax and business succession)

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Related articles and resources:

PODCAST: #104 – Securing succession of SMSFs as part of an estate plan 

PODCAST: #100 – Lost Trust Deeds 

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