Implementing estate planning measures for your superannuation entitlements is necessary because your superannuation does not automatically fall under your Will. Therefore, you need to put in place additional documentation to ensure that your superannuation death benefits are dealt with in the manner that you intend after your death. If you do not turn your mind to it, then you will not have any certainty regarding who your superannuation death benefits will be paid to if you pass away, and your superannuation is likely to be a significant part of your wealth.
Your superannuation entitlements may also be exposed to someone making a claim against them after your death if you pass away without any valid estate planning measures in place. This often results in expensive and time-consuming litigation and a lot of this heartache can be avoided with comprehensive estate planning solutions.