SMSF trustees have been advised to ensure death benefit nominations are consistent with trust deeds to avoid being challenged.

SMSF trustees need to document any contribution to prove what is legitimate and not an effort to hide assets during a time of bankruptcy.

SMSF members wishing to control how a death benefit will be used after their passing should look past a binding death benefit nomination and consider a trust within their will.

The procedures undertaken following a court-issued splitting order must be properly documented and a failure to do so is a breach of a trustee’s obligations.