Estates and Superannuation

Superannuation is mostly governed by Federal Law so this has to be dealt with separately to a will which is interpreted according to State law.

There may be reasons to direct a Trustee to pay superannuation and death benefits to an estate where it will devolve according to the terms of the will. This action will avoid any involvement by the Trustee of the fund in exercising discretion as to payment of benefits.

For many young people their major asset is the death benefit attaching to their superannuation policy. Far too often there emerges a dispute between family members which costs thousands to resolve. Such disputes can be avoided by young people drawing up a will.

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