Get the free Binding Death Benefit Nomination Form - LUCRF Super

Binding Death Benefit Nomination Forbidding Death Benefit NominationPlease call us on1300 362 415 if you require any assistance. Please complete this form using CAPITAL LETTERSComplete this form if

How to fill out binding death benefit nomination

How to fill out binding death benefit nomination

1. Obtain a binding death benefit nomination form from your superannuation fund.
2. Read and understand the instructions provided in the form.
3. Provide your personal details, including your name, date of birth, and superannuation account details.
4. Nominate the beneficiaries you want to receive your superannuation benefits in the event of your death. Include their full names, addresses, and relationship to you.
5. Specify the percentage or fixed amount you want each beneficiary to receive.
6. Sign and date the form in the presence of two witnesses who are over 18 years old and not beneficiaries.
7. Make a copy of the completed form for your records.
8. Submit the original form to your superannuation fund as per their instructions.

Who needs binding death benefit nomination?

1. Any individual who wants more control over the distribution of their superannuation benefits after their death may consider a binding death benefit nomination.
2. It is particularly useful for those who have specific intentions for their superannuation funds and want to ensure those intentions are followed.
3. This could include individuals with complex family arrangements, special needs beneficiaries, or those who want to avoid potential conflicts among their potential beneficiaries.
4. It is advisable to consult with a financial advisor or a legal professional to understand how a binding death benefit nomination fits into your overall estate planning.

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What is binding death benefit nomination?

A binding death benefit nomination is a legally binding document that specifies who will receive your superannuation benefit in the event of your death.

Who is required to file binding death benefit nomination?

Anyone with a superannuation account can file a binding death benefit nomination.

How to fill out binding death benefit nomination?

You can fill out a binding death benefit nomination form provided by your superannuation fund and follow the instructions on the form.

What is the purpose of binding death benefit nomination?

The purpose of a binding death benefit nomination is to ensure that your superannuation benefit is distributed according to your wishes.

What information must be reported on binding death benefit nomination?

You must specify the names of the beneficiaries and the percentage of the superannuation benefit that each beneficiary will receive.