
Get the free Binding Nomination of Beneficiaries Form - Future Super
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Future SuperIssued24 June 2017FundFuture Super Fund
ABN 45 960 194 277
Fund registration number R1072914TrusteeDiversa Trustees Limited
ABN 49 006 421 638
ADSL 235153
Trustee number L0000635BINDING
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How to fill out binding nomination of beneficiaries

How to fill out binding nomination of beneficiaries
01
Begin by obtaining a binding nomination of beneficiaries form from your financial institution or superannuation fund.
02
Provide your personal details such as your name, address, date of birth, and account number.
03
Identify the beneficiaries by including their full names and relationship to you.
04
Allocate the percentage of your superannuation or assets you wish to distribute to each beneficiary.
05
Make sure you understand the limitations and conditions of the binding nomination, including any time restrictions or cancellation clauses.
06
Sign and date the form in the presence of two witnesses who are over the age of 18 and not named as beneficiaries.
07
Submit the completed and witnessed form to your financial institution or superannuation fund for processing.
Who needs binding nomination of beneficiaries?
01
Anyone who wants to have control over the distribution of their superannuation or assets after their death may need a binding nomination of beneficiaries.
02
It is particularly important if you have specific individuals or organizations in mind that you want to benefit from your estate.
03
By having a binding nomination in place, you can ensure that your wishes are followed and minimize potential disputes among your loved ones.
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What is binding nomination of beneficiaries?
Binding nomination of beneficiaries is a formal declaration made by a policyholder of a life insurance policy, stating who should receive the death benefit in the event of the policyholder's death.
Who is required to file binding nomination of beneficiaries?
Any policyholder of a life insurance policy who wants to ensure that the death benefit is paid to specific beneficiaries needs to file a binding nomination of beneficiaries.
How to fill out binding nomination of beneficiaries?
To fill out a binding nomination of beneficiaries, the policyholder needs to complete the relevant form provided by the insurance company and specify the names of the beneficiaries and their relationship to the policyholder.
What is the purpose of binding nomination of beneficiaries?
The purpose of binding nomination of beneficiaries is to provide the policyholder with the assurance that the death benefit will be paid to the specified beneficiaries as per their wishes.
What information must be reported on binding nomination of beneficiaries?
The binding nomination of beneficiaries form typically requires information such as the full name, date of birth, and relationship of each nominated beneficiary.
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