SMSF - allowable beneficiaries?

Discussion in 'Superannuation, SMSF & Personal Insurance' started by KayTea, 24th Sep, 2015.

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  1. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    But my point is that for various reasons you may not have a valid will at death. If there is no will then there is no executor and a BDBN will be invalid if it nominated your executor.

    A will may not exist at the time of your death for various reasons:
    1. rescind
    2. lost
    3. incapacity
    4. invalid or defects
    etc

    You will have to read your deed and find out if there is a power to change it and who has the power and how it can be exercised. It would be unusual if there is no such power.
     
    Terry_w, 1st Oct, 2015
    #21
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