This event was aimed at any accountant, lawyer or financial planner who wants to avoid clients complaining that they have lost their super because they weren't properly advised.
Given the current economic climate, it is even more important that clients understand when superannuation will be at risk from creditors and predators. Following Cook v Benson and the removal of RBLs, superannuation has the aura of a safe haven from creditors - but this won't always be the case. Predators can come in many forms including de factos and a recently enlarged category of 'dependants'.
This event examined a range of practical issues including:
- when is and isn't your superannuation safe from creditors?
- what happens to superannuation on bankruptcy?
- lump sums and pensions - differences in protection
- how can a carefully considered estate plan ensure superannuation benefits end up in the right hands on death?
- should parents share an SMSF with their children?
- what is the effect of the new de facto laws on potential family law claims against your superannuation benefits?
- binding death benefit nominations and the 3 year sunset clause.