Aged care & incapacity for trustees – are you ready?
It is encouraged, as an SMSF trustee, that you undertake regular reviews and plan for any unexpected events that may take place in the future. One of these unexpected events is if a member of your fund becomes incapacitated and is unable to make decisions regarding the fund. This may result in that member going into a nursing home, which is often costly.
What do you need to consider in terms of your fund if this was to occur? Discover what key decisions you should be making now to prepare for this unexpected event.
Presenter: Franco Morelli, Policy Advisor, SMSF Association
Duration: 38 minutes