Course overview
To develop a comprehensive understanding of estate planning legislation and policy, and its implications for financial planning in relation to retirement and estate management, operation and succession.
Course learning outcomes
- Integrate an understanding of estate planning legislation and policy and its role into the financial planning process.
- Assess client requirements and select the appropriate forms required in and available for the estate planning process, including wills, powers of attorney, powers of administration; trusts.
- Evaluate the implications of capital gains tax for the value of the estate under alternative estate structures, and its implications for distributions to beneficiaries in the case of deceased estates.
- Prepare advice on the treatment of death benefit entitlements under various superannuation arrangements, and methods to maximize after-tax distributions to beneficiaries of these superannuation death benefits.
- Analyse the impact of social security, declining capacity, and need for aged care on the estate planning process, and explain its implications for individual clients.
- Develop Business Enterprise Skills in the context of the Financial Planning discipline: i) Problem Solving (advanced level); and ii) Ethical Awareness (advanced level) and iii) Written Communication (advanced level).