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YOU KNOW? |
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Your superannuation
and any insurance held in it are not
covered under any will? This is because
your super is actually held in trust,
therefore not falling under the scope
of an individual's will.
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Even if, when you
initiated your super policy, you specified
how your funds should be distributed
should you die, the trustee may actually
have full discretion (depending on the
trust deed) to allocate the proceeds
as he or she sees fit?
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If your partner
is younger than you and you die together
in a car crash, without a valid will,
his/her parents may end up with your
assets?
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If you leave equal
values of shares (with differing capital
gains built into them) to two beneficiaries,
they may actually receive different
after-tax benefits?
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Your partner could
save substantial amounts of tax by having
you will some of your assets to your
children (via a testamentary trust)
rather than directly to your partner?
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