• What the SMSF Association wants to see happen with Div 296 and why the current delays could be a good thing.
• How SMSF professionals can deal with the uncertainty that currently pervades the regulatory landscape.
• Whether there could be changes to the recent code of conduct for tax practitioners determination.

Hill explains why SMSF professionals need to have discussions with their clients around incapacity and estate planning so they aren’t caught out when the time comes, particularly when they may not be aware that power of attorney can also come with SMSF trustee responsibilities.

Listen as they discuss:

• The role of an enduring power of attorney in the context of the definition of a SMSF.
• Why setting up a trusted professional as a “fund guardian” is an important consideration.
• How the two roles can work together in the member’s best interests.

In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Craig Day, head of technical services at Colonial First State, to discuss the nuances surrounding invalidity for SMSF trustees and members.

Day breaks down some of the positives and negatives of holding TPD insurance within an SMSF and explains what advisers who may be recommending their clients go down this path need to understand.

Listen as they discuss:
• The most pressing considerations around invalidity and SMSFs.
• Why it is important to understand the compliance rules related to SMSFs and insurance.
• The role of beneficiaries in the context of recent legal challenges relating to spouses and de facto relationships.