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John Maroney

When stepchildren miss out on inheritance

An ATO ruling that excludes family members on the death or divorce of their natural parent seems arbitrary in a society where blended families are widespread.

John MaroneyContributor

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For self-managed super fund trustees, the issue of how stepchildren are treated regarding superannuation death benefits would seem cut and dried.

Under the Superannuation Industry (Supervision) Act, death benefits can be paid only to a beneficiary meeting the definition of a dependant – spouse, child (natural child, adopted child or stepchild), or someone with whom the deceased person has an interdependency relationship.

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John Maroney is CEO of the SMSF Association.

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    Original URL: https://www.afr.com/wealth/personal-finance/when-stepchildren-miss-out-on-inheritance-20221103-p5bvb5