Having a Death Benefit Nomination (DBN) in place is one of the most important documents members of a Self-Managed Super Fund can complete. Having this in place simply takes the burden off the surviving family members. There are many misconceptions that a person’s Will cover their superannuation benefits however this is not the case. Providing the DBN is accurate and valid and in accordance to the fund’s governing rules (from the trust deed), the direction of benefits in the event of death lies in this form.
The first step is deciding