Description

The Leading Member SMSF is an SMSF that focuses on the succession of an SMSF to lineal descendants of the Leading member and the passing of superannuation benefits to lineal descendants via pensions or lump sum distributions.

In addition, the Leading Member controls the Trusteeship of the Fund as well as who the members of the Fund are (generally lineal) and what happens in the event of divorce, dementia or bankruptcy. The Leading Member has the power to deem a person, such as their spouse, as lineal.

For non-lineal requirements, the LightYear standard SMSF should be used.

This document is for a Corporate Trustee structure and new fund establishment. It includes the SMSF Deed only. If you need to establish a corporate trustee for this fund please use the “Leading Member SMSF Special Purpose Corporate Trustee”.

This is NOT a variation document. Please use the Leading Member SMSF Deed of Variation to vary an existing SMSF into the Leading Member Structure. We also recommend upgrading an SMSF Special Purpose Corporate Trustee to the Leading Member SMSF Special Purpose Trustee. You can combine both using the Leading Member Kit under the RPA category.

► $229.00 (inc GST) – OR provided under your unlimited membership

► The master document has been signed off by Abbott & Mourly and is congruent with Australian law.