Description
One of the biggest challenges in an SMSF is what happens after death. Carrying out the deceased member’s wishes can be fraught with disaster, especially when there are trustee disputes and beneficiary claims.
Following the SIS rules and ensuring all fund documentation aligns with the legal requirements may be inconvenient upfront, but will save time, energy, and resources in the long run.
In this webinar, Shelley Banton, Head of Education at ASF Audits, will discuss how death impacts an SMSF by covering:
- Trustee requirements on the death of a member
- The definition of an SMSF
- What happens when a member dies
- The machinations of BDBNs and Reversionary Pensions
- Death benefit lump sum payments
- Conflict resolution via case law
Attendees will be able to participate in case studies to assist with a fast learning environment.
Recorded on 22 June 2023
Presented by Shelley Banton
TPB CPD Hours:Â 1 hour
Legislated CPD Hours:Â 0.50 hours in technical competence | 0.50 hours in regulatory compliance and consumer protection
Presented by: Shelley Banton
Shelley is an accredited SMSF specialist auditor and advisor with over 15 years of experience in the superannuation industry. She is recognised Australia-wide as an expert on SMSF compliance, providing clients with high-level strategic and technical advice.
She is a committee member of the ATO SMSF Auditor’s professional stakeholders’ group, a member of the SMSF Association National Conference Committee and Chair of the SMSF Association Audit Discussion Group.
Shelley specialises in delivering quality SMSF training and education to the private and public sectors; she is a regular presenter at peak industry SMSF conferences and is a well-known author and sought-after industry commentator.
In 2022, Shelley was awarded the SMSF Association’s Chairman’s Award in recognition of her outstanding contribution to the SMSF sector.
