Marlee Viero

speaker
318 appearances 1 recordings 1 series first heard Jul 2021 last heard Jul 2021

Marlee Viero’s voice in public audio — every appearance, attributed to the second.

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You might have appointed one child, but they might choose to pay it to your spouse instead.
So they're not bound by your decisions.
And by having no nomination, the super fund has to basically do a fact finding exercise to look at who all the potential beneficiaries are.
And then the trustee of that super fund needs to make a decision.
And that's a very, very time consuming period for people's family to go through.
No, because if there's someone that's dependent on you that's actually should receive it, then the super fund would rather pay it to that person than your estate.
Yeah, definitely.
And with the super nominations, they often lapse depending on your super fund.
They can lapse every three years.
So every three years, you'll find you might get a letter from your super fund saying, please update.
So definitely do that.
Or if possible, you can sometimes tick a box to say non-lapsing.
But again, all super funds are different.
Exactly.
Yeah.
Yeah, definitely.
Exactly.
Exactly.
Yeah, it's completely different to your will.
Unless you say, I want my super to go into my estate, it's completely separate.
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