Teaminvest Wealth Builders

SMSF Estate Planning: Protect Your Super, Protect Your Legacy

TIP Group / Teaminvest Season 1 Episode 24

Estate planning is one of the most important—and most overlooked—aspects of managing a self-managed super fund (SMSF). In this episode, Kerry Fleming is joined by SMSF specialist Meleena Mitchell to break down the essentials of SMSF estate planning, including death benefit nominations, eligible beneficiaries, tax traps, and the practical tools you need to ensure your super goes to the right people, at the right time. If you want to safeguard your legacy and avoid costly mistakes, this episode is a must-listen.

Key Topics Covered:

  • Why estate planning is critical for SMSF members
  • The difference between binding and non-binding death benefit nominations
  • Who qualifies as an eligible beneficiary (and who doesn’t)
  • Common tax traps: death tax and tax dependents explained
  • How to use reversionary pensions and enduring powers of attorney
  • The importance of regular reviews and updating your trust deed

Timestamps:

00:00 – Welcome & why estate planning matters

02:00 – SMSF death benefit nominations: binding, non-binding, lapsing, non-lapsing

09:00 – Who is an eligible beneficiary?

13:00 – Financial dependents, interdependency, and trust deed requirements

18:00 – Death tax, tax dependents, and payment options

25:00 – Estate planning tools: reversionary pensions & enduring power of attorney

30:00 – Practical tips: regular reviews, major life events, and trust deed updates

33:00 – Final thoughts & how to get help

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About Teaminvest:

Teaminvest is an ASX-listed financial institution focused on empowering Australians through education, rigorous analysis, and a community of like-minded wealth builders.

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