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Preparing for and dealing with incapacity for SMSF clients
View Legal director Matthew Burgess provides useful insights and tips in helping SMSF clients address incapacity issues.
In this episode, Mr Burgess explains the potential implications of an SMSF member losing incapacity in an SMSF and what can be done to prepare for these kinds of events.
He also discusses the role of SMSF professionals in encouraging clients to prepare for incapacity and the risks for professionals in failing to have these kinds of conversations with clients.
Mr Burgess also touches on some of the issues that can arise in terms of documents, including an enduring power of attorney.
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