deceased estate

Does my Superannuation form part my estate?

Generally, superannuation does not form part of your Estate unless the trustee of the superannuation fund pays your member ‘death benefits’ (the balance of your superannuation account) directly to your Estate. If you wish for your Superannuation to be paid to beneficiaries directly, you should contact your fund and discuss having a Binding Nomination placed

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What happens to the bank accounts with someone passes?

You should not withdraw funds as you are accountable to the beneficiaries of the Estate. The Bank will only share the deceased’s Bank Account information with an Executor, Administrator or the next of kin. Upon notifying the Bank of the death, all Accounts will be frozen, so no unauthorised withdrawals are made. All Direct Debits

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