Australia's leading provider of affordable legal kits and services
Call our Customer Care Specialists on 1300 728 200

Legal Forum

Welcome to the FREE AussieLegal Forum

Please select the state your legal matter resides in:


This legal forum is supported by participating lawfirms in your local area.

  FAQ FAQ  Forum Search   Register Register  Login Login

Both Members Die

 Post Reply Post Reply
  Topic Search Topic Search  Topic Options Topic Options
woonallee View Drop Down

Joined: 25/August/2006
Location: Australia
Posts: 3
  Quote woonallee Quote  Post ReplyReply Direct Link To This Post Topic: Both Members Die
    Posted: 25/August/2006 at 10:40
What is the outcome if for a Mum & Dad SMSF where they are the only members and have nominated each other as their solr beneficiaries and both were killed together in say a road accident?

Super Outsource View Drop Down
Admin Group
Admin Group

Joined: 19/August/2005
Location: Australia
Posts: 322
  Quote Super Outsource Quote  Post ReplyReply Direct Link To This Post Posted: 29/August/2006 at 10:21

Beneficiary nominations are not necessarily a one liner with only one option. 

Benficiary nominations and especially binding death nominations can be quite complex documents being almost as comprehensive as a Will.  Hence, a number of alternatives can be canvassed.

Alternatively, if this has not been covered in the beneficiary nominations, general practice would be to consult the Will.

 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Want to save money?

Check out our list of do-it-yourself legal kits.

Need formal advice?

Let us help you find a lawyer who specializes in your particular area of law.

Need further information?

Visit our legal forum where you can ask questions and search for similar topics.