Non-Lapsing Super Fund Binding Death Benefit Nomination's [BDBN's] + the ability to appoint a Death Benefit Guardian are only available where:
➲ The Super Fund Trust Deed was created or has been amended to accommodate these advanced Estate Planning strategies.
If this is not the case, the BDBN will lapse and become a non-binding DBN after 3 years [unless it is renewed for a further 3 years].
1️⃣ The alternative or additional appointment of a Death Benefit Guardian to provide a very important safeguard to help ensure benefit payments are made as intended; and/or
2️⃣ The inclusion in the Trust Deed of a Death Benefit Rule which removes some of the possible risks of having a BDBN (such as it having a technical issue deeming it invalid, or getting lost), but can be relatively inflexible.
➲ 💡 Trax Print Fraud + Litigation Prevention Technology $22.
🔒 NSW Trustee + Guardian
[$29 one-time fee for a single document; $49 one-time fee for multiple documents. Prices current as at 19 November 2020];
🔒 For elsewhere in Australia
Enter the code WHen you pay full price to Purchase one of the following Self Service documents:
Re-Enter the code at checkout each time you buy the following documents to get a discount:
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This thought-provoking article underscores the often overlooked yet profoundly important aspect of estate planning – the ethical will or legacy letter – adding depth and significance to the process of passing down not just assets, but personal values and wisdom.
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