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Beware the complexities of SMSF control in case of member death

Beware the complexities of SMSF control in case of member death

A member choosing an attorney that is different to the executor can lead to complexities around who has control of the SMSF should that member become incapacitated or die, according to Heffron.

by Shared by SMSF Adviser | Mar 4, 2020

In a blog, Heffron’s head of SMSF technical and education services, Lyn Formica, responded to a question from a client who has chosen her spouse as her attorney in the event that she loses mental capacity, but her adult children will be the executors of her estate on her death.