Credit Points 10

Legacy Code 200871

Coordinator Julie Knutsen Opens in new window

Description This unit provides an understanding of key issues, decisions and frameworks involved in financial planning for later life and succession. It enables the student to provide advice on business succession planning strategies, to evaluate the most appropriate estate planning for different types of clients at different stages of their life, to analyse wills, trusts and social security provisions, to apply relevant analytical and decision making tools to succession, trust administration, tax strategy and similar post-retirement decisions.

School Business

Discipline Banking, Finance and Related Fields, Not Elsewhere Classified.

Student Contribution Band HECS Band 4 10cp

Level Postgraduate Coursework Level 7 subject

Pre-requisite(s) FINC 7020

Restrictions

Students must be enrolled in program 2794 Graduate Diploma in Financial Planning, 2793 Master of Financial Planning, 2808 Graduate Diploma in Stockbroking and Financial Advising or 2807 Master of Stockbroking and Financial Advising.

Learning Outcomes

On successful completion of this subject, students should be able to:

1. Evaluate where estate planning fits in any particular client's circumstances;
2. Analyse wills, trusts and estate planning arrangements and social security provisions appropriate for the client's needs, aims and circumstances;
3. Apply relevant analytical and decision making tools to succession, trust administration, tax strategy and similar post-retirement decisions;
4. Provide advice on business succession planning strategies and how they can be used in different cultural settings.

Subject Content

- Estate planning
- Wills- Executors and power of Attorney
- Trusts
- Intestacy
- social security, aged care, and longevity Issues in later life
- taxation implications of Estate planning
- business succession planning