Binding nomination

Binding nomination

“If we command our wealth, we shall be rich and free; if our wealth commands us, we are poor indeed.” – Edmund Burke.

Superannuation is probably going to be one of your most valuable assets when you retire but did you know it is an asset that is easily challenged after you die by relations who are after a share of your estate? A binding nomination clause in your superannuation documentation makes it almost impossible to challenge and can protect your superannuation from long drawn out and costly legal action. Discuss it with your adviser as a priority.

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