Opinion
Plan ahead with superannuation inheritance
In self-managed superannuation fund succession planning, whoever controls your fund after death determines how and to whom benefits are paid. So don't leave inheritance to chance.
Colin LewisContributorIt’s important to have an estate plan to ensure that in the event of death – as morbid as it sounds – your estate assets and interests go to the right person(s) in a timely manner and you should review it every five years or earlier for a major family event.
Your superannuation, however, is not an estate asset and therefore isn’t dealt with via your will unless you specifically leave it to your legal personal representative (LPR) – generally the executor of your estate.
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