Unit of competency Outline

Date retreived
23/07/2026 5:03 AM AWST

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Manage estate planning

Manage estate planning

Unit of competency
National Code
AHCAGB602A
State Code
D6643
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
10/06/2011
View on TGA
State Implementation and Classification
Approved Date
13/12/2011
Field of Education
080321 - Farm Management And Agribusiness
Original Release Date
13/12/2011
Nominal Hours
45
Description
This unit covers the process of managing an estate and defines the standard required to: identify estate planning requirements; clarify estate planning arrangements; implement estate planning.
Notes
Elements and Performance Criteria
1. Identify estate planning requirements
  • 1.1. Contingency and succession arrangements are identified and assessed against enterprise and individual requirements.
  • 1.2. Income continuation options are identified and evaluated to find best fit for enterprise requirements.
  • 1.3. Personal and business goals are identified and distinguished.
  • 1.4. Needs of those affected by succession arrangements are considered and taken account of in estate planning.
2. Clarify estate planning arrangements
  • 2.1. Plans for retirement and inheritance are made clear to all relevant parties.
  • 2.2. Apparent inequities in estate distribution are discussed, clarified and mediated.
  • 2.3. Legal implications of succession planning are accounted for in determining succession arrangements and estate distribution.
  • 2.4. External advice is sought as required to clarify obligations and potential effects on business performance.
3. Implement estate planning
  • 3.1. Strategies for estate distribution and succession are determined and implemented.
  • 3.2. Estate structures and transfer arrangements are monitored and reviewed against tax and legislative requirements.
  • 3.3. Estate planning and succession is monitored against enterprise performance.
  • 3.4. Relevant documentation is completed to meet legal and procedural obligations, and to avoid legal complications.
RANGE STATEMENT
The range statement relates to the unit of competency as a whole.
Factors influencing planning may include:
the size and asset classes of the estate
the range of options for their allocation.
EVIDENCE GUIDE
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit
The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy holistically all of the requirements of the performance criteria and required skills and knowledge and include achievement of the following:
identify estate planning requirements
clarify estate planning arrangements
implement estate planning.
Context of and specific resources for assessment
Competency requires the application of work practices under work conditions. Selection and use of resources for some worksites may differ due to the regional or enterprise circumstances.
Replaces
State Code National Code Title Type
S3548 RTE6909A Manage estate planning Unit of competency
Replaced By
State Code National Code Title Type
BAM43 AHCAGB602 Manage estate planning Unit of competency