Superannuation is where the average Australian holds much of their wealth... other than say the family home
This article raises a real risk with a non-binding nomination or the risks if no nomination exists at all.
What concerns me here is that there are so many individuals I hear about that are either:
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NOT getting legal advice at all on succession planning; or
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RELYING on a cheap will drafting service (often online) that fails to consider advice on superannuation; and
YOU need to understand it all, superannuation, family trusts…everything to protect those you love.
When you seek out a specialist succession lawyer, like our Bree Shapter at Torquay Lawyers you have at your fingertips the expertise to understand all of your interests:
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Interests from a trust like a family trust or superannuation;
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Interests in your own name or otherwise;
Obtaining advice from a specialised lawyer is the peace of mind individuals need. At Torquay Lawyers clients are often surprised at how easy it can be for average person to get their affairs in order AND you can have a say in how receives your superannuation.
This article is a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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