A specialist lawyer has advised for particular attention to be paid to company constitutions of SMSF corporate trustees as they hold the key to decision-making for the fund.

Blanket clauses in EPOAs overriding conflicts of interest relating to the making or extending of BDBNs are likely to be ineffective or, in some cases, high-risk.

A trustee should check all claims to any death benefits even where they may have total discretion over the payments, an SMSF lawyer has advised.

Accountants should document any assistance they give to SMSF clients to avoid claims they provided legal advice, an SMSF legal expert has warned.

Trustees who remain separated can still execute physical deeds with wet-ink signatures under temporary relief measures.