why superannuation death benefits matter in your estate plan

Why Superannuation Death Benefits Matter in Your Estate Plan: A Crucial Piece of the Puzzle

why superannuation death benefits matter in your estate plan

When most Australians think about estate planning, they picture a Will, and perhaps one or more delegations or directives such as powers of attorney.

But there’s one powerful piece of the financial puzzle that often gets overlooked: your ‘superannuation death benefits’.

As the superannuation balances of Australians continue to grow—thanks to compulsory employer contributions, voluntary salary sacrificing, and market growth—it’s never been more important to understand how your super fits into your broader estate planning strategy.

understanding the exclusion of superannuation from deceased estates

Understanding the Exclusion of Superannuation from Deceased Estates

understanding the exclusion of superannuation from deceased estates

As we approach our golden years, it becomes increasingly crucial to ensure our hard-earned assets are protected and distributed according to our wishes after we pass away.

Estate planning plays a pivotal role in achieving this, and it’s essential to understand why superannuation does not automatically form part of a deceased estate in Australia.

In this article, we’ll delve into the reasons behind this exclusion, provide practical advice, and empower you to take charge of your estate planning.