BTR News Australia’s Post

A big figure highlighting the big impact of Superannuation in your Estate Planning. According to the Association of Superannuation Funds of Australia, there was $3.9 trillion worth of assets held in superannuation at the end of the March 2024 quarter. Superannuation can represent a significant portion of an individual’s wealth and many people overlook the importance of superannuation in their estate planning and often do not understand the specific rules and regulations which govern the payment of their superannuation entitlements on their death. Read more about the significance of Superannuation in Estate Planning and the various options and strategies available via the link below: https://lnkd.in/gjfWJWJb

Did you know that... Australians had a combined $3.5 trillion in super in June 2023 and it's growing about 10% every year? Not many people truly understand their superannuation. We don't blame you - it's complicated! Superannuation is a big trap when it comes to estate planning, for two reasons. 🤕 People don't understand it, don't always take advice and sometimes fall into the trap of thinking it's all very simple. 🙃 The regulatory environment of super is over-complicated and, in some cases, confoundingly silly. Contrary to popular belief, superannuation is not usually dealt with as part of your estate on your death. So generally, you can't give it away in your Will. Have you considered how your superannuation will be dealt with on your death? Hit that DM button and hit us up for a chat if you need some help! 💡 #perthlawfirm #perthlawyers #lawyers #superannuation #estateplanning

Separation can be tough, but it doesn’t have to be complicated! Check out our latest case study where we helped Rachael and Lance simplify their superannuation splitting and achieve a peaceful property settlement. With the right support and clear communication, they were able to navigate this challenging time with ease.  If you or someone you know needs assistance during a separation, we’re here to help! Learn more about Rachael and Lance’s particular case here: https://lnkd.in/gcjjumri #RPEmery #Agreements #Contracts #Templates #TemplateKit #SeparationSupport #Superannuation #PropertySettlement #PeacefulResolution

If you want to control where your superannuation benefits go on your death, you need to make a Binding Death Benefit Nomination (otherwise known as a BDBN). 📝 A BDBN must be made directly with your super fund using their prescribed form. There are strict rules for signing and witnessing a BDBN. There are also rules about who can be nominated in your BDBN to receive your superannuation benefits. ⚖️ Here's a list of people allowed and not allowed to be nominated in your BDBN. For more information, head to our website linked in our bio or simply send us a chat and we'll help you from there. 📚 #perthlawfirm #perthlawyers #lawyers #superannuation #perthprobatecentre

CASE UPDATE | The recent case of Nguyen v Australian Financial Complaints Authority has highlighted the importance of updating your Will and superannuation beneficiaries upon the breakdown of a relationship. As Rachell Davey explains, this is particularly important for de facto couples, as proving the termination of a de facto relationship can be difficult and can have significant legal and financial implications. Read Rachell's summary of this interesting case here - https://lnkd.in/gqgi88AY #superannuation #familylaw #estates #defacto #Will

Is your super fund doing enough for you? 🧐 With growing concerns about delayed claims, poor governance, and lack of transparency, it's time to take control. Let SK help you navigate the complexities of superannuation. Schedule a free consultation today.

𝗪𝗵𝗲𝗻 𝗖𝗮𝗻 𝗬𝗼𝘂 𝗔𝗰𝗰𝗲𝘀𝘀 𝗬𝗼𝘂𝗿 𝗦𝘂𝗽𝗲𝗿𝗮𝗻𝗻𝘂𝗮𝘁𝗶𝗼𝗻 𝗘𝗮𝗿𝗹𝘆 𝗶𝗻 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮? Did you know you can access your super early under specific circumstances like medical treatment or preventing foreclosure? This option comes with strict eligibility rules, so it's crucial to understand the process before applying. 📋 Thinking about applying? Make sure to check out the key requirements and get expert advice before making a decision. 👉 𝗟𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 𝗮𝗻𝗱 𝘀𝘁𝗮𝘆 𝗶𝗻𝗳𝗼𝗿𝗺𝗲𝗱: https://lnkd.in/gNZSX2Bc #TaxTipTuesday #AccessingSuper #FinancialPlanning #CeebeksForGood #ChasingTheDream #Superannuation #simplesystems #accessingyoursuperearly #2025taxplanning #don’tdonateanyextra #plantosavetax #chasingthedream #www.ceebeks.com

𝗪𝗵𝗲𝗻 𝗖𝗮𝗻 𝗬𝗼𝘂 𝗔𝗰𝗰𝗲𝘀𝘀 𝗬𝗼𝘂𝗿 𝗦𝘂𝗽𝗲𝗿𝗮𝗻𝗻𝘂𝗮𝘁𝗶𝗼𝗻 𝗘𝗮𝗿𝗹𝘆 𝗶𝗻 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮? Did you know you can access your super early under specific circumstances like medical treatment or preventing foreclosure? This option comes with strict eligibility rules, so it's crucial to understand the process before applying. 📋 Thinking about applying? Make sure to check out the key requirements and get expert advice before making a decision. 👉 𝗟𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 𝗮𝗻𝗱 𝘀𝘁𝗮𝘆 𝗶𝗻𝗳𝗼𝗿𝗺𝗲𝗱: https://lnkd.in/grv_EwQn #TaxTipTuesday #AccessingSuper #FinancialPlanning #CeebeksForGood #ChasingTheDream #Superannuation #simplesystems #accessingyoursuperearly #2025taxplanning #don’tdonateanyextra #plantosavetax #chasingthedream #www.ceebeks.com