- Presentations
- Death benefits, Ethics
National Conference 2025
When a client passes, professional advisors are often left to navigate the complexities of their SMSF, but even the best intentions can sometimes lead to unforeseen complications. In this engaging session, Kieran Hoare will explore real-life examples of SMSF planning that went awry and provide practical insights to help you, avoid similar pitfalls.
The session addresses the challenges faced when advisors take on the role of executor, including their duty to maximise the estate, navigating remuneration complexities, and managing potential conflicts of interest. It also examines scenarios where trustees can be held personally liable, shedding light on how these risks can be mitigated. Finally, Kieran delves into the challenges associated with death bed withdrawals, particularly the implications for Enduring Powers of Attorney and their advisors.
Through careful planning and strategic adjustments, this session equips professionals with the tools to handle these complex situations with confidence, ensuring SMSFs are managed effectively even in the most challenging circumstances.
By watching this session, you will be able to:
- Understand the duties, remuneration complexities, and conflict management strategies when acting as an executor in SMSF scenarios.
- Learn to identify and address situations where trustees may face personal liability, ensuring compliance and risk management.
- Develop strategies to navigate the complexities of death bed withdrawals, including the implications for Enduring Powers of Attorney and their professional advisors.
The contents of this resource are taken to be correct at the time of publication.
Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association