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What happens if your mind fails?

30 July 2014  |  Super

MindWhat happens if the mental health of a self managed super truestee starts to fail? It is one area where self managed super can be a real problem. The determined self sufficiency of SMSF trustees can in this area be a real problem, in a weay that is not the case with industry funds or retail funds.

It was addressed at the SPAA conference with a paper prepared by Alzheimer's Australia. It should be required reading for anyone who is a trustee of a DIY super fund who is approaching the danger age:

... Enduring Power of Attorney.

Factors such as these should be watched: