• Commercial Law

    Commercial Law

    We are business people as much as we are lawyers. We will take care of the legal documents so you can confidently run your business.
    As your business grows, its risk profile and governance challenges will change. We partner with our clients over the long term to ensure they are in the driver’s seat for success.

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  • Dispute Resolution

    Dispute Resolution

    We are in your corner when the going gets tough. Having resolved over 6,500 disputes for business owners have seen it all before.

    Whether you need a skilled negotiator or a fearless litigator, we specialise in delivering commercial results when:

    Customers refuse to pay;
    Suppliers let you down; and
    Business Partners do the wrong thing.

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  • Employment & Safety

    Employment & Safety

    The biggest challenge for any business owner, is managing their employees.

    A difficult employee can make you question why you got into business in the first place and be toxic to your team morale.

    We deliver proactive solutions to manage your team via employment contracts, policies and procedures as well as handling employment disputes when they arise.

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  • Property & Construction

    Property & Construction

    Property is the key most wealth in Australia.  Whether you are buying, selling, leasing or developing property, you need a lawyer you can count on.

    We can advise on the whole property development process from obtaining finance to development approvals, construction and sale or leasing.

    We also act for the Master Builders Victoria and have extensive expertise in construction contracts and disputes.

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  • Family Law

    Family Law

    At Taurus Legal Management we understand the unique challenges clients encounter during family disputes, especially when children are involved. Our family lawyers specialise in handling high-asset cases with a focus on protecting clients wealth, securing their family’s future, and safeguarding the best interests of their children.

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  • Wills and Estates

    Wills and Estates

    At Taurus Legal Management, we understand the importance of planning for you and your family’s future.

    Our experienced team are dedicated to providing comprehensive wills and estates services, to ensure that your wishes are respected, and your loved ones are protected.

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ENQUIRE

If you do not nominate a beneficiary for your superannuation, the distribution of your superannuation benefits upon your death will depend on the rules of your superannuation fund and relevant legislation. Here is what generally happens:

  1. Trustee’s Discretion: If there is no valid binding nomination, the trustee of your superannuation fund typically has the discretion to decide how to distribute your superannuation death benefits. The trustee will usually consider your dependants and your estate.
  2. Dependants: The trustee may pay the benefits to your dependants. Under superannuation law, dependants can include your spouse, children, any person with whom you have an interdependency relationship, or any person financially dependent on you at the time of your death.
  3. Estate: Alternatively, the trustee may decide to pay the benefits to your estate, where they will be distributed according to your will (if you have one) or the laws of intestacy if you do not have a will.
  4. Binding Death Benefit Nomination: To ensure your superannuation benefits are distributed according to your wishes, you can make a binding death benefit nomination. This legally binds the trustee to pay your benefits to the nominated beneficiaries. It is important to regularly review and update this nomination to ensure it remains valid and reflects your current wishes.
  5. Non-Binding Nomination: If you have made a non-binding nomination, the trustee will consider your preferences but is not legally required to follow them.

It is advisable to check the specific rules of your superannuation fund and consider making a binding nomination to ensure your superannuation benefits are distributed according to your wishes.

If you require assistance with your estate planning, contact our experienced wills and estate lawyers on (03) 9481 2000 and info@tauruslawyers.com.au

Posted by Taurus Legal Management