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Recorded Webinars

Recorded Webinar: Binding Death Benefit Nominations: Imperatives for Estate Planners

Binding Death Benefit Nominations continue to be a source of confusion and error despite having been in existence for close to 20 years. This session covers BDBN war stories and provides tips on how to ensure that you don’t fall prey to the same mistakes, including

Date/Time

About the Webinar

Binding Death Benefit Nominations continue to be a source of confusion and error despite having been in existence for close to 20 years. This session covers BDBN war stories and provides tips on how to ensure that you don’t fall prey to the same mistakes, including

  • Understanding the differences between wills and BDBN – no substantive compliance flexibility
  • Assuming that a nomination is binding because it’s signed by two witnesses
  • Failing to nominate a SIS dependent
  • Failing to review BDBN on divorce
  • BDBNs for retail and industry super funds – was the member given notice of their rights, and what does this require?
  • What review should a lawyer make of a pre-existing BDBN?
  • BDBN tax implications and choosing a non-tax dependent
  • The power of an enduring attorney to make a BDBN

Presented By

Andrew Smyth
Partner, Robbins Watson Solicitors Gold Coast, QLD

Andrew is the managing partner of the firm, and practises primarily in estate planning and administration and business and personal structuring, focussing on complex and high value matters: typically involving Superannuation, Trusts, Companies, Taxes and International matters.

Andrew is a member of the peak industry bodies in his fields of practice: Society of Trust and Estate Practitioners (STEP) and The Tax Institute (ATI). Both of these organisations only accept membership from persons with proven expertise and experience in Trusts, Estates and Tax respectively.

In 2022 Andrew was appointed executive member of the Legal Practice Section of the Law Council of Australia, where he works to improve the regulation of the legal profession and advocates for changes enhancing the timely and cost-effective delivery of legal services.

Andrew writes and presents technical papers and CPD for the legal and accounting professions on Trusts and Super, and is a co-author of the reference text “Estate Planning” published by LexisNexis.

Andrew is also an experienced litigator, and was head of the firm’s litigation department for over 15 years. He has been a member of the Queensland Law Society Litigation Rules Committee since 2012, and was deputy chair of that committee from 2018 until 2022. This litigation experience informs and enhances Andrew’s commercial and planning advice, as he knows how and when disputes may arise, and is a fearless advocate for his clients when required.

Who Should Attend?

This webinar is suitable for lawyers and accountants throughout Australia who advise in estate planning matters. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Accountants can claim up to 1 CPD/Training hour. Lawyers can claim up to 1 CPD unit/point – substantive law . This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

WA lawyers – From April 1 st 2021, due to the new requirements we are unable to verify your completion of recorded webinars to the Legal Practice Board of WA.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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