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109426
Individual Podcasts

Binding (and Not So Binding) Death Benefit Nominations

For those with retail superannuation interests, it is only too common for members to “set and forget” when it comes to completing their binding death benefit nomination forms. Many members fail to consider the complexities which can arise if a superannuation interest is not proper
PRESENTED BY Nathan Yii Principal Lawyer, Chartered Tax Advisor and SMSF Specialist Advisor - Nathan Yii Lawyers , Melbourne

Date/Time

About the Podcast

For those with retail superannuation interests, it is only too common for members to “set and forget” when it comes to completing their binding death benefit nomination forms. Many members fail to consider the complexities which can arise if a superannuation interest is not properly taken into account in an estate plan. Failure to properly plan for superannuation interests can result in costly consequences for the intended beneficiaries and greatly reduce the size of the estate. This session shall seek to unravel the complexities of superannuation estate planning and discuss:

  • The definition of SIS dependant versus tax dependants and who may claim against superannuation interests, and strategies for managing or limiting these
  • The exercise of trustee discretion and the payment of death benefits post death - the range of discretion, the process of finding out information from trustee and challenging their decision
  • The circumstances in which a BDBN may not be binding on a superannuation trustee and what happens when a BDBN is either not completed, invalid or not followed by the trustee
  • The lessons from recent cases

Presented By

Nathan Yii
Principal Lawyer, Chartered Tax Advisor and SMSF Specialist Advisor, Nathan Yii Lawyers Melbourne, Vic

Nathan Yii is the Principal Lawyer, Chartered Tax Advisor and an accredited SMSF Specialist AdvisorTM of the Melbourne based legal practice, Nathan Yii Lawyers. He is a graduate of Melbourne Law School and holds a Bachelor of Commerce (Accounting), a Bachelor of Laws (Hons) and a Master of Laws. He is a leading structuring and estate planning lawyer, a university lecturer and presenter and is recognised in Doyles’ Guide as a leading Estates & Succession Planning Lawyer and Wills & Estates Litigation Lawyer in Victoria.

Nathan takes a strategic approach to legal practice and focuses on tax-effective solutions, estate planning, asset protection, SMSF compliance and trusts, estates and SMSF disputes. He works with and consults to high net worth individuals, family offices, legal and non-legal professionals and their clients.

Nathan is a regular presenter in his areas of interest and expertise and regularly presents for legal and accounting CPD providers and discussion groups around Australia. He is also an adjunct lecturer and advisory committee board member for the Estate Planning Practice Specialisation in the Master of Laws program at the College of Law.

CPD Information

38 minutes 

0.63 CPD hours/units/points

WA Lawyers – TEN is unable to verify that you have earned CPD for this product as we cannot verify that you have listened to the podcast which is a requirement of the LPBWA.  TEN is an accredited provider

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact us, on (03) 8601 7700 or email: [email protected]

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