Joined: 25/August/2006
Location: Australia
Posts: 3
QuoteReplyTopic: 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?
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.
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