written by
Mark Gannon

How to protect your SMSF against stroke and dementia

Finance 1 min read

by Brian Hor

If you have a self-managed super fund, you need to plan ahead to ensure that it can still keep going if you lose mental capacity due to dementia or other reasons such as
a stroke.

Otherwise the fund’s assets and operations could be frozen, resulting in losses from being unable to buy or sell investments at the right time, control of the fund falling into the wrong hands and even the loss of complying fund status with serious tax consequences.

Here are nine things you can do to protect your SMSF from your incapacity: https://moneymag.com.au/how-to-protect-your-smsf-against-stroke-and-dementia/

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