I often get asked whether Superannuation forms part of a deceased estate and in most cases it doesn’t. The other question I often get asked is whether Superannuation and life insurance can be used to pay estate debts and liabilities.
In general, Superannuation and life insurance are what we call protected assets and they can’t be used to pay debts and liabilities. If you do wish for your superannuation to form part of your estate, there are things that you can do to ensure that does happen. However, you do need to seek some expert advice.
If you do wish to obtain some tailored advice in relation to your estate planning, please don’t hesitate to contact us.