Deceased estate - Solicitor Executor

Narelle Cameron

• 25 September 2023 05:05

Can you point me to the process to transfer funds from a deceased SMSF estate to the Solicitor Trust Account for the estate.

Thanks

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  Christopher Banks

  • 28 September 2023 02:20

  Hi Narelle,

  Thank you for reaching out to us.

  Generally speaking, posting the 46000/transfers out account against the SMSF's bank account would reduce the member balance and reduce the bank, and labeling it as a death benefit payment in the transactions 'more details' will allow for the trust account to be entered as the other fund.
  https://support.sf360.com.au/hc/en-au/articles/360017536472

  Thank you for the question and I hope the above answers your query.

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