Opinion
The right way to will your super
Ensuring clear and binding death-benefit directions for a super fund can minimise the risk of dispute when it comes to inheritance.
John WasilievColumnistIn superannuation a binding death-benefit nomination is a set of instructions a member gives their fund that directs where they would like any super that remains on their death to go.
It's the superannuation equivalent of a will and can be quite controversial if it isn't correctly prepared, especially in the case of a self-managed fund as a recent court case has highlighted.
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