home-decor

When Good Intentions Go Awry in Superannuation Inheritance

When Good Intentions Go Awry: The Trouble With Leaving Money to Charity in Australia The case of a father who left $100,000 to charity but had his daughters fight for a share highlights the complexities and pitfalls that surround leaving money to charity from an unspent superannuation fund.

This issue reveals how easily good intentions can go awry. In theory, it should be simple to leave one's wealth to charity after death. However, as this case demonstrates, the reality is far more complicated.

The Australian Financial Complaints Authority (AFCA) ultimately awarded the entire sum to the middle daughter, despite the will indicating that the funds should go to charity.

Read the full story

Read on AradaDecor →