Did you know that one in three marriages ends in divorce?1 It's really no surprise then that the number of blended families in Australia is rising.2
Those who remarry are often keen to ensure their new spouse is well looked after if they die. This is often accompanied by a desire to also leave assets to children from a previous marriage. If you are in this situation, what happens to your assets after you have gone?
Our small APRA fund (SAF) solution for blended families offers a way to protect your assets, provide for your surviving spouse and ensure that any remaining capital passes to your children. The Australian Prudential Regulation Authority (APRA) regulates the fund, known as a small APRA fund (SAF).
By incorporating our AET SAF into your estate planning strategy you will have peace of mind knowing that your super will be distributed according to your wishes. To find out more, read our case study and technical flyer.
For more information on small APRA fund solutions for blended families, please speak to your financial adviser or call our Client Services Team on 1800 254 180.
1. Source: McCrindle Research 2015, ABS Marriages and Divorces, 3310.0, 2014
2. Source: McCrindle Research 2015, ABS Marriages and Divorces, 3310.0, 2014