A person's superannuation can often be their biggest asset
at any given time, especially when they die.
Maybe this describes you?
You may not know this, but your superannuation does not
automatically form part of the assets under your will.
Your super is not usually covered by your will because your will
only covers assets you in fact and in law own: property such as
your house, car, investments, savings and personal items.
Your super on the other hand is held for you in a trust by the
trustee of your super fund and governed by superannuation law,
which is why different rules apply and why your super fund must be
kept up to date with your instructions.
You may have some control in terms of deciding how your
superannuation is dealt with on your death if you've made the
necessary arrangements with your super fund beforehand.
