A large number of SMSF trustees are under the misapprehension that their SMSF assets are covered under their Will. SMSF assets are not a part of an estate unless there is a binding nomination directing the assets to their estate.
The use of SMSF is growing as people thinking about estate planning value the flexibility and ‘control’ that a SMSF offers. Many people starting a SMSF are visiting their accountants to take advice and to arrange for the setup. It is important when establishing a SMSF to take appropriate legal advice from a specialist estate planning lawyer in order to ensure the assets of the fund are treated in the manner of your choice.
To find out more or to arrange to speak with a Lawyer with specialist knowledge of SMSF’s either telephone 1800 300 308 or follow the link. http://www.matthewsfolbigg.com.au/superannuation-and-asset-protection-get-peace-of-mind