Eon Financial Group Smsf Podcast

EON speak to Pamela Nasiakos & Meghan Warren on the important topic of binding death benefit nominations.  Much energy goes into building up and investing your superannuation.  This good work can be unwound if your desired beneficiary does not receive the money. We cover how to ensure that nominations are valid (the lawyers were quick to point out the importance of ensuring the nomination is valid!), when to leave the money to your Estate and when to nominate specific people to receive your superannuation benefits. We delve into when to use lapsing and non lapsing binding nomination and when to use non-binding nominations. We cover case studies to show the implications of not executing your nominations correctly and dispel the myths about age, family status and small asset base being excuses for not making death benefit nominations. Compound your Wisdom!