SUPERANNUATION WHAT WILL HAPPEN TO YOUR SUPERANNUATION? AN IMPORTANT ASSET REQUIRING ESTATE PLANNING. MAIN POINTS – Superannuation is an asset that is NOT automatically dealt with in a will. It is possible that the trustees will not follow your wishes unless you make a binding death nomination (BDBN). This may be particularly important if you have a self-managed superfund. We can assist you if you let us know that you want to establish a binding death benefit nomination. (BDBN) Typically, the BDBN will need renewing every 3 years. Superannuation is often a very important asset and requires documentation to ensure your wishes are followed. Please contact us if you want to seek assistance or ask any question. More Details Follow: Superannuation is a separate component of a client’s overall assets that must be considered and dealt with as a separate piece in the succession planning jigsaw.  Superannuation is frequently given little consideration as many clients are under the impression that their superannuation benefits form part of their general estate and will be distributed upon death in accordance with the terms of their will. It is important for clients to appreciate that this is not the case, especially as superannuation is … Continue reading Superannuation