Beneficiary Nomination

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 [...]

By |2021-04-21T17:14:35+10:00July 16, 2013|Estate Planning|0 Comments

Superannuation Death Benefit Nominations and Estate Planning

Superannuation Fund Trust Deeds will provide a process by which the trustee can consider your intent as regards any death benefits that may be due to your estate at your passing: superannuation death benefit nominations and estate planning are different though similar devices by which you can provide for your intended beneficiaries. Where does superannuation fit amongst estate assets? Superannuation accounts are often a significant part of the estate of [...]

By |2018-02-06T15:13:53+10:00November 30, 2011|Estate Planning, Superannuation Strategies|0 Comments

Who Gets Your Superannuation Death Benefits

Superannuation Death Benefits One of the most important decisions you make when you join a superannuation fund has nothing at all to do with investment choices. Superannuation is a non-estate asset, meaning that it is not automatically distributed in accordance with terms in your Will. It is therefore important that you consider how and to whom you will leave your superannuation death benefits. Who can receive your superannuation death benefits? [...]

By |2019-08-02T09:37:48+10:00March 14, 2010|Estate Planning|0 Comments

Intergenerational Assets

What are Intergenerational Assets? By this term, we at Continuum Financial Planners Pty Ltd refer to assets that a family accumulates over time and that then pass from one generation to another. Assets such as family heirlooms, 'cultural' treasures (personal intellectual property) and philosophies as well as wealth in the form of the generic asset classes of cash, property and 'equities'. Whilst some readers may ask where there is sufficient [...]

By |2018-09-26T11:40:43+10:00January 13, 2010|Estate Planning|0 Comments

Discretionary Trusts

As the description infers, discretionary trusts are structures under which the controllers (in this case, trustees) exercise their discretion in undertaking various aspects of their responsibilities. The most interesting one for asset protection and for taxation purposes is the degree of discretion the trustee has over the distribution of income - and of assets. ...but, what is a Trust? A trust is a relationship between the trustee (who legally owns [...]

By |2020-01-29T16:24:22+10:00August 27, 2009|Wealth Management|4 Comments
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