FINC19018 - Estate and Succession Planning

General Information

Unit Synopsis

This unit provides a framework for understanding the role of the financial advisor in the areas of estate and succession planning. It will cover the following areas related to estate and succession planning: business structures, family issues, wills and powers of attorney, deceased estates and their administration and distribution, negligence, tax implications and related topics.

Details

Level Undergraduate
Unit Level 2
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites LAWS11054 Commercial Law OR LAWS11030 Introductory and Contract Law and LAWS19033 Taxation Law and Practice A plus Co-requisite FINC11001 Fundamentals of Personal Financial Planning

Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 3 - 2024

There are no availabilities for this unit on or after Term 3 - 2024

Attendance Requirements

All on-campus students are expected to attend scheduled classes - in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Assessment Overview

Recommended Student Time Commitment

Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Assessment Tasks

Assessment Task Weighting
1. Written Assessment 10%
2. Written Assessment 30%
3. Written Assessment 10%
4. Examination 50%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).

Consult the University's Grades and Results Policy for more details of interim results and final grades

Past Exams

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Previous Feedback

Term 2 - 2015 : The overall satisfaction for students in the last offering of this course was 72.73% (`Agree` and `Strongly Agree` responses), based on a 47.83% response rate.

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Source: Students
Feedback
Audio Lectures
Recommendation
Will be updated to reflect new edition of text
Action Taken
In Progress
Source: Student Feedback Survey
Feedback
Assessment and assessment return
Recommendation
Place more emphasis on effective assessment feedback
Action Taken
In Progress
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Appreciate the role of financial planners in estate and succession planning.
  2. Understand asset management structures used in estate and succession planning.
  3. Recognise legal issures relating to wills and power of attorney, and understand and apply these principles in the development of financial plans.
  4. Demonstrate an understanding of the principles of responsive business succession planning.
  5. Understand ethical issues in estate and succession planning.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4 5
1 - Written Assessment • • •
2 - Written Assessment • •
3 - Written Assessment • • • • •
Alignment of Graduate Attributes to Learning Outcomes
• Introductory Level
• Intermediate Level
• Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4 5
1 - Communication • • • •
2 - Problem Solving • • • • •
3 - Critical Thinking • • • • •
4 - Information Literacy • • • • •
6 - Information Technology Competence • • • •
8 - Ethical practice • • • •
Alignment of Assessment Tasks to Graduate Attributes
• Introductory Level
• Intermediate Level
• Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9 10
1 - Written Assessment • • •
2 - Written Assessment • • • • • •
3 - Written Assessment • •
4 - Examination • • • •