Superannuation Trusts for Minors:

With increasing complexity of the family unit, Trustees of superannuation funds have a discretionary responsibility to determine the beneficiaries of funds in the absence of a binding death nomination. It is less acceptable to abrogate this responsibility to the Executor of the Will or administrator of the estate. With the absence of guidelines and regulations, determining the correct guardianship and distribution can be time consuming and costly for the Superannuation and Insurance organisations.

Public Trustee NSW is an independent and impartial expert for the referral of children’s trusts. Although it is not the role of the Public Trustee to determine the beneficiaries, it is our role to:

• Make sure the Trust fund received is properly administered in the best interests of the child
• Determine appropriate expenditure
• Invest funds prudently, making sure they last the distance

With over 90 years experience and thousands of Trusts currently under management, the Public Trustee is an independent body that meets all accountable and regulatory requirements, and is backed by a Government guarantee.
We have extensive experience in Trust management and provide a logical solution to ease the complexity of these situations. Superannuation and Insurance organisations can be secure in the knowledge that the funds will be managed to the highest standards.

 Superannuation Trusts Brochure

For further information please contact John Hong at Public Trustee NSW on 1300 553 731 or  corporateservices@pt.nsw.gov.au