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Binding Death Benefit Nominations (BDBNs) — nearly every Australian super fund member has one, yet they remain one of the most misunderstood pieces of the estate planning puzzle.
Its frightening how many clients have accidently DIY-ed their succession plan for one of their biggest assets without realising how complex (and powerful) these nominations really are.
In this episode, we unpack:
What a BDBN is and why it carries so much legal weight
The difference between nominating a beneficiary directly vs the legal personal representative (LPR)
Common misconceptions when it comes to superannuation death benefits
How to guide clients toward better decisions when it comes to super and estate planning
If your clients assume their super will just “follow the will” — it’s time to gently bust that myth. And if you’ve ever found BDBNs confusing yourself, you’re not alone. Let’s untangle it all, together.
Binding Death Benefit Nominations (BDBNs) — nearly every Australian super fund member has one, yet they remain one of the most misunderstood pieces of the estate planning puzzle.
Its frightening how many clients have accidently DIY-ed their succession plan for one of their biggest assets without realising how complex (and powerful) these nominations really are.
In this episode, we unpack:
What a BDBN is and why it carries so much legal weight
The difference between nominating a beneficiary directly vs the legal personal representative (LPR)
Common misconceptions when it comes to superannuation death benefits
How to guide clients toward better decisions when it comes to super and estate planning
If your clients assume their super will just “follow the will” — it’s time to gently bust that myth. And if you’ve ever found BDBNs confusing yourself, you’re not alone. Let’s untangle it all, together.