In the third video of our series examining the five key self managed super fund (SMSF) estate matters you must talk to your clients about, Senior Associate Kate Gould highlights the important compliance obligations of powers of attorney in relation to SMSFs, particularly:
a) if the client is relocating overseas; and
b) to allow the attorney to validly execute or update death benefit nominations. This could be important in light of the recent superannuation transfer balance cap rules.
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