Written resolution - exit of adult member by death
Product type: Standard template | no legal review or advice
Price: $88.00
This template is only appropriate for the situation where an adult member has died.
The entire superannuation interest of the deceased member must be cashed out as soon as practical after the death of the deceased. Cashing out in this context means paying the superannuation interest as a superannuation lump sum or applying the superannuation interest to commence a pension (or a combination of both) to or amongst the dependants and/or Estate of the deceased member.
This template does not deal with the allocation of the deceased member’s benefits: the template simply notes the death of the member and the termination of membership.
The allocation of the deceased member’s benefit will be determined by whether:
- the deceased was in pension phase at the time of death and, if so, whether the pension was reversionary and whether the nominated reversionary beneficiary survives the deceased member; and
- the deceased was in growth phase at the time of death and, if so, whether there is a valid binding death benefit nomination.
For superannuation funds governed by non-SUPERCentral or non-Townsends Business & Corporate Lawyers governing rules, please review the applicable trust deed and governing rules to determine if the template is suitable for the Superannuation Fund
(c) This document set provides a single use licence for one member.
For assistance please call the SUPERCentral Help Desk on 02 8296 6266 or make an enquiry.