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Can Non Reg Trust be Life insurance policy beneficiary ?
Instead of naming offspring as beneficiary on a life insurance policy, is it better to name the Non Reg Trust as the beneficiary of the life insurance policy (as the offspring is already a beneficiary of the NR Trust). Would this be a better way to do it? I know we don’t pay estate tax in Aust, but just wondered if doing this would ensure no tax or pirating on the payout to the offspring? Has anyone done it this way?
And wondering also about Super death benefit – same thing, can the NR Trust be named as the beneficiary of super fund?
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1 Reply
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It’d probably be best to go to the next Q and A with Mark. If you decide to go make sure you get their on time and ask your question quickly so you will have a high chance of getting a reply (as many people ask questions and sometimes there is not time to have them all answered) Put Q… before the question so Mark will see it as a question and not as a comment. You can RSVP here http://solutionsempowerment.org/event/general-qa-october-12/