News : Estate Planning

Estate Planning

Unchecked EPOAs dangerous to clients

EPOA status

Advisers should check the status of their clients enduring power of attorney as failures cannot be addressed after they have lost capacity.

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BDBNs, Estate Planning

Ensure estate plans match BDBN intent

estate planning BDBN

The certainty about the operation of a BDBN means SMSF advisers should ensure related estate planning matches the intent of the nomination.

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Estate Planning

Separate SMSFs useful to address distortion

separate SMSFs

Separate SMSFs can be a useful estate planning tool where the financial relationships between parties have been distorted over time.

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Estate Planning, Technology

Midwinter, Inherit Australia strike deal

A new agreement will see data integration from the Midwinter financial advice software into the Inherit Australia estate planning tool.

A new agreement will see data integration from the Midwinter financial advice software into the Inherit Australia estate planning tool.

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Estate Planning

Divorce raises estate planning questions

Divorce estate planning SMSF

SMSF trustees must consider estate planning when divorcing as binding nominations may see their former partner act for them on their death.

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Documentation, Estate Planning

Special rules can protect ageing members

special rules SMSF

The increase in the wealth of some SMSF members may require special deed rules to protect their interests as they get older.

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Documentation, Estate Planning

Special powers reduce attorney risks

power attorney SMSF

A special power of attorney has the ability to reduce risks and conflicts that can arise from the use of an enduring power of attorney.

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BDBNs, Estate Planning

Status of SMSF wills clarified

SMSF wills status

The use of SMSF wills is likely to increase after the Hill v Zuda case affirmed they were a legitimate way to bind death benefits to a beneficiary.

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Estate Planning, Pensions

Multiple pensions an estate planning tool

estate planning pensions

Estate planning and contribution strategies can be contributing factors toward a decision for SMSF members to run multiple pensions within their fund.

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Estate Planning, Property

Limited consideration of property at death

SMSF property death benefit

Non-specialist SMSF advisers are not considering how to treat property as a death benefit.

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