When setting up a Self Managed Super Fund, it is wise to consider the needs of the members well after the Fund has been set up and operating, in particular when a member dies of becomes mentally incapacitated.
These two traumatic events will have complex and costly outcomes for the remaining members and their families.
A Corporate Trustee inside a SMSF will help to reduce costs and the compliance headaches for fund members and their families with increased asset protection, time to grieve and adapt, and administrative efficiencies to name a few.
Read this article by Liam Shorte for a full account of the benefits of a Corporate Trustee.
June 21, 2017
February 2, 2017
January 30, 2017
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The information provided on this website, including the material and contents provided in the website publications, are informative in nature only and you should not act specifically on the basis of this information alone. It should not be used as a substitute for legal, business, accounting, tax, financial planning or other professional advice. If expert assistance is required, professional advice should be obtained.
Paul Baggetta is the Founder & Principal of Baggetta & Co. Paul Baggetta has been a Taxation Accountant since 1981, a Financial Planner since 1998, and in 1993 qualified as a Real Estate Licensee, holding a Triennial Certificate (currently not trading) and operated his own Real Estate business for property investment clients for over 5 years as a second business.
Financial planning services are provided by Paul Baggetta as an Authorised Representative (No. 261469) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. Australian Financial Services License No. 223135.
Taxation & Accounting services are provided by Paul Baggetta as a Registered Tax Agent (No.61487008) and is a Member of SMSF Association, FIPA & NTAA.