February 29, 2020 @ 3:30 am - March 1, 2021 @ 4:30 am$125
This recording was presented at the SMSF Association National Conference 2020 on the Gold Coast by Scott Hay-Bartlem, Partner from Cooper Grace Ward.
Trustees of SMSFs have discretion in deciding to whom to pay a death benefit – or do they? Recent years have seen this discretion practically eroded, and this can cause complications for getting the death benefit to the intended recipient.
Conflicts of interest are being frequently raised at death benefit payment time but with proper planning and care in the payment process these can be managed.
This session will look at the established cases, what advisers should be doing at death benefit planning stage to manage conflicts and what the impact of these conflicts can be when paying a death benefit.
And is there another level of conflict with SMSFs that hasn’t been explored in the cases yet – will you be the case we are talking about at next year’s conference?
This recording will provide participants with knowledge and application to:
– Understand and identify conflicts that may occur in the death benefit payment process from SMSFs
– Understand the impact of conflicts on making death benefit payments from SMSFs
– Know the possible steps to take when planning for how death benefits will flow from SMSFs to minimise conflicts
– Become aware of other conflict issues with making death benefit payments from SMSFs