Super and wills
Will clients' super go where they want it to when they die? Good planning is the key. It's not too soon to think about how a super fund will be distributed and taxed when a client dies. They shouldn't assume that it will be covered by their will - if they want a particular outcome, they should provide instructions for the Fund Trustees, in the form of a binding nomination. And, says Michael Jones, of Cummings Flavel McCormack, they should look into the likely taxation arrangements if they want to achieve the best outcome.Topics: Accounting & Tax, Family Business, Legal |
Michael Jones CA, Cummings Flavel McCormack |