binding

Beneficiary nomination clarifies entitlement Nominating beneficiaries provides guidance (or in some circumstances, direction) to a trustee (or other responsible person) charged with the task of paying a benefit arising from particular assets or instruments, as to how much and to whom those benefits should be distributed. Three key areas where the nomination of beneficiaries is important, from a wealth management perspective at least, are: life insurance policies;superannuation accounts; andEstate Planning. Monitor the nomination of [...]