In the event of your death, the payment of your superannuation benefit will in most cases be determined by a superannuation fund considering any directions that you have made through a death benefit nomination. By keeping your nomination(s) up to date you can make sure that the right people receive your superannuation promptly – this can remove considerable anxiety for your loved ones. It is important to bear in mind that there can often be significant insurance entitlements linked to superannuation which need to be taken into consideration. There are a number of nomination options available. The right one depends on your personal circumstances but include lapsing or non-lapsing binding nominations, non-binding nominations, and reversionary nominations for income streams and life time pensions. Binding nominations provide relative certainty in relation to estate planning decisions, removing the control otherwise held by a third party. This is because without a binding nomination the trustee of the superannuation fund has an absolute discretion in distributing death benefits from your superannuation fund.