The SMSF will is a deed which, in essence, is a more sophisticated form of binding death benefit nomination (BDBN). It allows the member to deal with broader range of issues than a typical BDBN, such as segregating particular assets for specific beneficiaries, mandating the payment method (eg lump sum or pension) and outlining multiple levels of ‘giftover’ if a particular beneficiary fails to survive.
All assistance with SMSF Wills is provided on an upfront agreed scope of work and fixed pricing.