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.

SMSF administration provider Mclowd will offer a range of SMSF documents under a new arrangement formed with a third-party provider.