News : Death benefits

Death benefits

Trust deed has final say on BDBN timeframes

SMSF BDBN deed

The Hill v Zuda case means SMSFs can make a BDBN last indefinitely, but only where a trust deed does not constrain it in any way.

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Death benefits

Trust deed critical for death benefits

trust deed death benefits

The detail included in an SMSF trust deed requires examination to understand the procedures that need to be followed regarding death benefit payments.

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Death benefits

BDBN checking trigger exists

death benefit nomination status

The provision of an additional piece of information to SMSF members could show the status of a death benefit nomination and act as a trigger for a review.

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Accounting, Death benefits

Death benefits an accountant trap

death benefit nominations accountants

Accountants can face compliance risks on two fronts if they assist clients in completing death benefit nomination forms.

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