Category: Superannuation

Updating your superannuation beneficiaries may not be at the top of your to-do list, but neglecting this important task can have serious consequences. Your superannuation benefits are a significant part of your overall financial picture, and ensuring that they are distributed according to your wishes is crucial. In this article, we will discuss the risks…

Superannuation funds and family trusts are both common tools used for managing and distributing wealth. Superannuation assets are typically held in a separate fund to provide for retirement, while family trusts are established to hold and distribute assets for the benefit of family members. But can these two financial vehicles be combined? Can superannuation assets…

An enduring power of attorney is a legal document that allows an individual (the principal) to appoint another person (the attorney) to make decisions on their behalf in the event that they become unable to make decisions for themselves. This document remains valid even if the principal loses mental capacity. It is an important tool…

Superannuation is a crucial aspect of financial planning, especially when it comes to providing for your family’s future. Allocating superannuation funds between family members equitably is a decision that requires careful consideration and planning. It involves not only ensuring that each family member receives their fair share of the funds but also taking into account…

In the event of someone passing away without a will, also known as dying intestate, the distribution of their assets, including superannuation, can become a complex and challenging process. Superannuation is a crucial component of an individual’s financial planning for retirement, and it is essential to understand what happens to these funds when someone dies…

Planning for superannuation distributions can be a complex process, especially when you have minor children to consider. It’s essential to carefully consider how you want your superannuation to be distributed to ensure that your children are taken care of financially in the event of your passing. In this article, we will discuss some key strategies…

Superannuation death benefits can be a sensitive and complex issue, especially when disputes arise among beneficiaries. When a person passes away, their Superannuation Fund typically pays out a Death Benefit to their nominated beneficiaries or their estate. However, there are instances where the distribution of these benefits may be contested, leading to legal battles and…

Superannuation is an essential part of retirement planning for many Australians. It is a tax-effective way to save for the future and ensure financial stability during the later years of life. However, what happens to your superannuation savings when you pass away? Ensuring that your dependents receive your superannuation efficiently is crucial to providing for…

Estate planning is a crucial aspect of financial management that often gets overlooked. Many individuals are unaware of how to structure their estate plans to include their superannuation assets. Superannuation is a key component of many Australians’ retirement savings, and it is important to ensure that these assets are properly accounted for in your estate…

Superannuation policies in Australia have undergone significant changes over the years, reflecting the evolving needs of the workforce and the economy. These policies play a crucial role in ensuring that Australians have enough savings for retirement, providing a safety net for individuals in their later years. In this article, we will explore how the Australian…