FPL303 Estate PlanningUpdated: 26 August 2019
|Supervised Exam||There is no supervised examination.|
|Pre-requisites||candidature in the BCom and 48cp|
|Coordinator(s)||Cynthia Shannon (firstname.lastname@example.org)|
This unit provides students with an understanding of the concepts that are fundamental to estate planning, including taxation implications and the important role of administration of estates. The management of trusts and estates has become increasingly recognised as an occupation within the legal, accounting, tax and financial services professions with new challenges arising such as increased life expectancy. Estate planning remains the strategic advisory component within this area, with the adviser ensuring that the client's estate planning needs and goals can be put into action in the event of death, in the context of their overall financial plan. It is intended that students will gain an understanding of the importance of estate planning not only for those in their later years of life but why estate planning is just as important for those who have assets, debt or dependents.
This unit will include topics that address who can make a Will; what can be left in a Will; the rights of beneficiaries; the role of the executor; the validity of Wills; laws of intestacy; different types of powers of attorney; elements of a trust; asset protection; administration of estates; estate planning and taxation; superannuation and insurance in estate planning; the impact of family breakdown and changes in capacity and cognition.
Note: Students are expected to purchase prescribed material. Please note that textbook requirements may vary from one teaching period to the next.
|Disclaimer||Unit information may be subject to change prior to commencement of the teaching period.|
|Learning Outcomes (LO)||
Upon completion of this unit, students will be able to: