Course overview
This course aims to provide an overview of issues in estate planning building upon prior learnings. Review of estate planning legislation and policy provide insight into its role as a professional service safeguarding and transferring a client’s wealth in alignment with their objectives. Learners will gain understanding of the implications of the changing estate planning legislative environment regarding wills and probate, superannuation taxation, and society's attitudes toward inheritance. Learners will gain expertise in establishing adviser engagement, wills probate and succession, taxation of estates, trusts, contracts, responding to family breakdowns and changes in capacity and cognition, preparing them for professional practice.
- The Estate Planning Process and Wills
- Financial Planning Implications of Death and Incapacity
- Estate Planning in Practice
Course learning outcomes
- Integrate an understanding of estate planning legislation and policy and its role in the financial planning process
- Highlight the relevant issues and considerations required for the development of client-specific estate planning strategy recommendations including superannuation death benefit nominations, wills, powers of attorney and enduring guardianships.
- Evaluate the taxation implications (to both the estate and ultimate beneficiaries) under alternative estate structures.
- Communicate required information and recommendations effectively to clients on the treatment of superannuation death benefit entitlements under various scenarios and explain methods to maximize the after-tax distributions to beneficiaries and/or ensure that the client’s testamentary wishes are met.
- Critically 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
Degree list
The following degrees include this course