Making a Grand Exit: SMSFs and Succession

SMSF succession planning needs to ensure two outcomes: control of the SMSF and payment of death benefits should pass to the “right people”. But how do you future-proof your plan so this actually happens?

In this session, we cover:

• General concepts

  • Cashing and timing requirements

• Death benefits

  • Dependents

  • Interdependency Relationships

  • Lump sum vs Income stream methods

  • Tax consequences

  • Removing trustee discretion

  • Transfer balance cap

• Control of the SMSF trustee

  • Basic rules

  • Legal Personal Representative

  • The importance of trust deed

  • Benefits of a Corporate Trustee

• Multi-generational SMSFs

  • Advantages and disadvantages

  • Potential strategies

• Post-death superannuation proceeds trusts

• The Boundaries of Legal Practice

Date recorded: 16 June 2025