Binding Death Benefit Nomination Advantages and Disadvantages: What You Need to Know
Binding Death Benefit Nominations (BDBN) play a pivotal role in estate planning in Australia. They provide an instrument for individuals to decide the beneficiaries of their superannuation fund benefits in the event of their death. While BDBNs offer certain advantages, such as giving certainty in beneficiary designation and bypassing the probate process, they also carry […]
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