Recorded Webinar: Ducks in a Row: Aligning Binding Financial Agreements, Binding Death Benefit Nominations and Wills

The diversification of assets, the growth of superannuation value and marriage breakdowns and re-partnering have all contributed to complexity in succession planning. With a range of documents and directions potentially applying upon death, practitioners need to plan and draft accordingly to avoid inconsistency and ensure their clients’ intentions are met. This session will provide a guide to drafting complementary arrangements to apply upon death, including:

• Planning considerations for clients with complex needs and assets – tips for taking a wholistic approach
• To what extent do the terms of a BFA apply following death of one of the parties?
• Should a will refer to a BFA or incorporate relevant provisions?
• Structuring binding death nominations in superannuation trust deeds to align with testamentary and BFA intentions
• Will a statement of wishes accompanying a will minimise the risk of a dispute?
• Key issues in updating and periodic review of testamentary intentions and relevant documents
• Drafting guidance and strategies for consistency and completeness.