Edgar & Wood Solicitors

118 Cunningham Street Dalby, QLD 4405

07 4662 2311

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    • Michael Wood – Principal
    • Rebecca Perry – Solicitor
    • Caitlin Littleton – Solicitor
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  • Home
  • About Us
    • Michael Wood – Principal
    • Rebecca Perry – Solicitor
    • Caitlin Littleton – Solicitor
    • Administration Team
  • Legal Services
    • Commercial Law
      • Leasing & Retail Shop Leasing
      • Farm Leases
      • Companies & Trusts
      • Security
    • Divorce & Family
      • Childrens Matters
      • Defacto
      • Divorce & Property
      • Child Protection
    • Litigation
      • Commercial
      • Criminal
      • Debt Recovery
      • Planning & Environment
    • Property Law
      • Residential
      • Commercial
      • Business
      • Water Allocations & Water Licences
    • Wills & Estates
      • Wills & Enduring Powers of Attorney
      • Superannuation
      • Estate Administration & Probate Applications
      • Estate Dispute Resolution & Litigation
    • Mediation
  • News
    • Tribute to John Edgar (1944-2018)
  • For Clients
    • Your Secure Documents
  • Contact Us

Superannuation

Superannuation Binding Death Benefit Nomination

In the event of your death a Superannuation Binding Death Benefit Nomination allows you to direct the trustee of the superannuation fund who is to receive your superannuation benefits as superannuation is not automatically an estate asset.

If you do not have a Superannuation Binding Death Benefit Nomination in place the trustee of the superannuation fund has a discretion as to where your superannuation benefits will be paid.

In order for a Superannuation Binding Death Benefit Nomination to be binding, it must be ‘valid’. One of the requirements for validity is that only ‘dependants’ can be nominated. Depending on your circumstances you can decide to nominate one dependant or a number of dependants. A dependant includes:-

– A spouse (including defacto, opposite and same sex)
– Children of any age (including adopted or ex-nuptial)
– Any person financially dependent on you

Superannuation Advance Transfer Directive

There are different taxation treatments of your superannuation benefits on your death. The tax payable depends on:-

– Whether your superannuation benefit is paid to your dependants; or
– Whether your superannuation benefit is paid to non-dependants.

However, if your superannuation benefits are paid to you before your death no tax should be payable regardless of who the ultimate recipient of the benefit is.

We can assist you in preparing an Advance Transfer Directive which is designed to allow your attorneys to redeem your superannuation benefits before your death so that the benefits can form part of your estate assets to save any tax being payable on the benefits.

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Edgar & Wood Solicitors

Edgar & Wood SolicitorsEdgar and Wood Solicitors, is a respected general legal practice with a long history in the local community, serving many local families over several generations.

Areas of Practice

  • Commercial Law
  • Divorce & Family
  • Litigation
  • Property Law
  • Wills & Estates
  • Mediation

Contact Us

  • 118 Cunningham Street Dalby Q 4405
  • 07 4662 2311
  • 07 4662 2478
  • e-law@edgar-wood.com.au

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