CONTACT CSU

FIN563 Estate Planning (8)

Abstract

This subject builds on the concepts involved in estate planning that are explained in subject FIN560, placing particular attention to the application of various law, processes and principles which are involved in dealing with a client's needs for wealth preservation and transfer. Financial and estate planning operations are explained within a broader professional occupation of estates practice. The subject introduces students to the tasks associated with the identification of wealth preservation and transfer needs of clients as well as the development of estate administration plans, and prepares students for a professional career in estate planning and administration.

+ Subject Availability Modes and Location

Session 2
OnlineBathurst Campus
Continuing students should consult the SAL for current offering details: FIN563
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject information

Duration Grading System School:
One sessionHD/FLSchool of Accounting and Finance

Enrolment restrictions

Postgraduate Courses in the Faculty of Business, Justice and Behavioural Science.
Prerequisite(s)
FIN560

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to reflect critically on the structure, regulation and participants in the private wealth management sector;
  • be able to analyse and evaluate various approaches to the estate planning process;
  • be able to use effective communication skills and estate planning principles to establish client needs and objectives and develop an estate administration plan then sets out the proposed method of administration of the client's estates that is proposed to meet the client's needs and objectives;
  • be able to conduct technical research to complete estate planning work;
  • be able to create, present, and interpret a professional-quality Statement of Advice that includes a detailed estate administration proposal.

Syllabus

The subject will cover the following topics:
  • the role of estate planning in the professional financial planning;
  • the estate planning process including the client situation review;
  • identifying the extent of the estate;
  • successful estate planning - responding to the needs, intent and objectives of the client;
  • establishing key strategies for pre- and post-death estate administration;
  • identifying key risks in estate planning including relationship risk, family continuity risk, life risk, taxation issues and family business retention;
  • the role of superannuation in wealth preservation;
  • client capacity, trustee roles and relationship breakdown;
  • constructing Estate Administration Plans.

Back

The information contained in the 2018 CSU Handbook was accurate at the date of publication: 20 October 2017. The University reserves the right to vary the information at any time without notice.