Claiming Death Benefits in Sydney With Funera
CLAIMING DEATH BENEFITS IN SYDNEY WITH FUNERA
At Funera we recognise the importance of providing affordable and compassionate funeral solutions. In addition to our funeral services, we can guide you through the process of claiming a deceased person's Superannuation Death Benefit.
At Funera we recognise the importance of providing affordable and compassionate funeral solutions. In addition to our funeral services, we can guide you through the process of claiming a deceased person's Superannuation Death Benefit.
CLAIMING A SUPERANNUATION
When a member of a superannuation fund passes away, it triggers the distribution of the total fund balance to their nominated beneficiary or beneficiaries. This includes any additional benefits from other financial products and services connected to the superannuation fund. This payout is known as a Superannuation Death Benefit.
When a member of a superannuation fund passes away, it triggers the distribution of the total fund balance to their nominated beneficiary or beneficiaries. This includes any additional benefits from other financial products and services connected to the superannuation fund. This payout is known as a Superannuation Death Benefit.
CONSIDERATIONS FOR CLAIMING THE BENEFITS
To claim the benefits the following considerations must be taken note of:
To claim the benefits the following considerations must be taken note of:
BINDING AND NON-BINDING BENEFICIARIES
Understanding the distinction between binding and non-binding beneficiaries is crucial. Superannuation funds typically allow members to nominate either type.
Understanding the distinction between binding and non-binding beneficiaries is crucial. Superannuation funds typically allow members to nominate either type.
BINDING BENEFICIARIES
These are individuals nominated in writing to receive the superannuation benefit. They may be dependents or legal representatives, such as the executor of the deceased estate.
These are individuals nominated in writing to receive the superannuation benefit. They may be dependents or legal representatives, such as the executor of the deceased estate.
NON-BINDING BENEFICIARIES
In cases where no binding beneficiary is nominated, the super fund trustee will assess the fund member's relationship with the nominated individual at the time of death. The trustee will then determine the most appropriate recipient.
In cases where no binding beneficiary is nominated, the super fund trustee will assess the fund member's relationship with the nominated individual at the time of death. The trustee will then determine the most appropriate recipient.
INITIATING A CLAIM
To begin the process of claiming a Superannuation Death Benefit, contact the relevant superannuation funds to notify them of the fund member's passing. Funera Sydney can assist with the necessary documentation and guide you through the entire process.
To begin the process of claiming a Superannuation Death Benefit, contact the relevant superannuation funds to notify them of the fund member's passing. Funera Sydney can assist with the necessary documentation and guide you through the entire process.
FOR MORE INFORMATION
For more information on affordable funeral options, including cremation services, contact Funera Sydney at www.funera.sydney/contact-us. Our team is dedicated to providing beautiful and budget-friendly funerals tailored to your needs.
For more information on affordable funeral options, including cremation services, contact Funera Sydney at www.funera.sydney/contact-us. Our team is dedicated to providing beautiful and budget-friendly funerals tailored to your needs.