Binding death benefit nominations (BDBNs) have been an essential tool in estate planning with SMSFs now for many years.
We have seen them attacked in many ways, but none so fundamentally as the recent High Court challenge in Hill v Zuda.
While that may have been resolved for now, there are still many risks with BDBNs. We see many ways BDBNs can go wrong, particularly when not properly integrated with an estate plan.
In this webinar, we use examples to:
- analyse the impact of the decision in Hill v Zuda
- discuss the risks with BDBNs
- illustrate potential problems with drafting BDBNs and trust deed provisions
- identify the alternatives to BDBNs and when they are better options
Thank you for watching.