“SMSFs are subject to trust law and as such require a level of supportive legal expertise, particularly when dealing with different corporate structures and myriad governance requirements.”

This follows the release of the Townsends and SuperCentral Estate Planning Service, which aims to make law firm Townsends' “specialist knowledge” available to advisers through modern technology.

“Our flagship estate planning guide and testamentary manual is designed specifically for advisers to guide their clients through the intricacies of their testamentary documents and gather the right information to formulate an estate plan suitable for every client, regardless of the size or complexity of their financial situation,” SuperCentral and Townsends stated.