I have just been going through my SMSF documents and found that my situation regarding Estate Planning has now changed.
I currently have a Binding Death Benefit Nomination in my SMSF with a distribution of 75% to my wife and 25% to my dependant daughter.
My daughter has just recently stated full time work and is over the age of 18 and is now not classified as a dependent child.
I would still like for her to benefit in a small way from the assets of the SMSF on my death with the same distribution of 25% as was previously.
In the Trust Deed it states that a death benefit payment to a beneficiary must be either a Dependant or a Legal Personal Representative. A legal representative being either the executor or the administrator of my estate.
As my daughter is now classified as a non-dependant, is there any way she could still remain as a beneficiary to the 25% allocation of the Funds assets without having to channel this allocation through to my estate which would require me to revisit and make the necessary changes to my Will.
