Your SMSF is a long-term plan. Much can happen during this time including illness, incapacity or death of a member.
It is best practice to have contingency plans in place to deal with unexpected events. For example, if a fund member dies, leaving you as the sole member are you happy to continue with the SMSF?
Leaving the planning to when, and if something happens is probably too late. So this paper covers a range of issues you should start planning for today.
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