#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 to 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 For access to more webinars and resources join one (or all) of the View Communities . 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) Adviewser : For advisers wanting to facilitate legal solutions for their customers in holistic Estate Planning Viewruption : For professional service providers wanting to iterate their business model (including abandoning timesheets) Related articles and resources: PODCAST: #104 – Securing succession of SMSFs as part of an estate plan PODCAST: #100 – Lost Trust Deeds Listen to View's previous episodes here.
