We have an SMSF in my wife’s name with me as a co-Trustee. We are both retired and a pension is paid to my wife at the relevant rate. If one of us dies, does this affect the current arrangement?
A: You will need to look at the documentation governing the pension (Trust Deed) to see what happens if your wife dies. The benefits will either be paid out as a lump sum to you or paid as a lump sum to you or other dependants.