Question
Travis is 47, single and lives by himself in Sydney. Travis is currently considering his estate planning needs, specifically his who should inherit his superannuation
Travis is 47, single and lives by himself in Sydney. Travis is currently considering his estate planning needs, specifically his who should inherit his superannuation in the event of his death. He is considering leaving the entire balance ($210,000 of which 12% is a tax-free component) to one of the following:
His mother; or
His sister aged 44 and living with her husband; or
His child, Beatrice, aged 14 and living with his former wife but supported by Travis through child maintenance payments.
Travis tells you that his mother and sister are not financially dependent on him.
i.How he could ensure his full superannuation balance was distributed to each beneficiary in accordance with his wishes.
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