Question 1. My wife and myself have been trustees of our SMSF for almost 20 years now but are considering winding up our fund and rolling over the funds into a retail superannuation fund to possibly start pensions. The main reasons for doing this is that we are now close to 70 years of age and no longer wish to spend the amount time required to manage the fund, but mainly, I do not want to leave my wife with the responsibility of running our SMSF by herself if I die before her.
We have considered getting a third trustee involved but have decided not to choose this option. We think we understand the general process of winding up a SMSF and rolling over the assets, but we have a question about some unlisted assets in the fund.
