SMSF Power of Attorney for New South Wales

NSW SMSF Advisers: The wait is over! Inherit has released the SMSF Power of Attorney for New South Wales this afternoon.

Our special purpose EPA is designed to provide superior protection and flexibility for SMSF members. Here’s what it offers:

- Greater protection from elder abuse, mismanagement, and family conflicts.

- Ability to appoint a trusted advisor as Fund Guardian with veto power and supervision, free from fiduciary obligations.

- Fund Guardian can charge for professional services.

- Option to impose selected restrictions on the trustee through a drop-down list.

Key Features

Express Powers:

Powers the attorney (as replacement trustee) can exercise without restriction (e.g., instructing the fund's accountant to prepare annual returns).

Consent Powers:

Powers that require written consent from the Fund Guardian (e.g., commutation of fund assets, change of adviser to the fund).

Prohibitive Powers:

Activities prohibited through a drop-down list (e.g., admission of members, rollover of benefits, change of income stream).

Additional benefits:

- Customized legal document.

- Tailored specifically for self-managed super funds (SMSFs).

- Addresses situations where a member loses the ability to make decisions.

- Includes specific limitations and restrictions.

- Offers the option to appoint a 'Guardian.'

- Spouse document option available.

Adviser Discount:

Essentials – 10%

Intermediate – 25%

Advanced – 50%

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