SMSF succession planning, BDBNs, and more
Published Date: 13 May 2024
Every SMSF member should develop a personal succession plan to ensure that there is a smooth process in place to govern succession to control of the fund that fits in with their other estate and succession planning arrangements. Indeed, in times of uncertainty and heightened risk of illness, this is even more critical than ever. SMSF succession planning broadly aims to accomplish the following outcomes: that the right people receive the intended proportion of SMSF money and assets; and that the right people gain control of the SMSF to ensure that superannuation benefits are paid as intended.
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- Published By: Daniel Butler CTA
- Published On:13 May 2024
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