Binding death benefit nomination - cascading - individual
For instance, it enables you to nominate your spouse to receive a pension on your death, but if your spouse does not survive you then you can nominate your children to receive your super in equal shares as a lump sum, but if none of your children survive you then you can nominate your estate to receive your death benefit to be dealt with under your Will. This type of death benefit nomination is flexible enough to cater for many different situations, however if a greater level of sophistication is required then please contact us to determine whether our bespoke Specific Binding Death Benefit Nomination service (where the Binding Death Benefit Nomination is specifically tailored for you by one of our expert superannuation and estate planning lawyers) is more appropriate.