Unit of competency Outline

Date retreived
22/07/2026 7:49 AM AWST

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Investigate and substantiate entitlement in intestate estates

Investigate and substantiate entitlement in intestate estates

Unit of competency
National Code
FNSPRT417
State Code
OEB93
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
15/06/2022
View on TGA
State Implementation and Classification
Approved Date
07/12/2022
Field of Education
081105 - Investment And Securities
Original Release Date
07/12/2022
Nominal Hours
35
Description
This unit describes the skills and knowledge required to identify and verify the existence of an intestate estate, including the beneficiaries, and prepare documentation for estate administration.The unit applies to administrators who work in the personal trustee sector and undertake research to establish an intestate estate exists, locate beneficiaries and prepare simple financial statements ready for administration of the estate.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant regulatory authorities to confirm those requirements.
Notes
Elements and Performance Criteria
1. Establish file and apply for administration
  • 1.1 Research and gather evidence that confirms that deceased died intestate according to legislative requirements
  • 1.2 Confirm domicile of deceased and their movable and immovable assets
  • 1.3 Obtain required affidavits to support application for administration and prepare and lodge application according to legislative requirements
2. Determine estate beneficiaries
  • 2.1 Identify complex family issues and draft family tree
  • 2.2 Undertake genealogical research and confirm identity and rights of beneficiaries with verifiable documentary evidence
  • 2.3 Trace, identify and locate beneficiaries using internal or external specialists and resources where required
3. Confirm intestate scheme of distribution
  • 3.1 Determine beneficiaries’ entitlement of the estate according to legislative requirements
  • 3.2 Explain to potential beneficiaries the administration process and certification required to prove their entitlement
  • 3.3 Prepare and confirm schedule of beneficiaries and their entitlements according to organisational policies and procedures and legislative requirements
No information
No information
Replaces
State Code National Code Title Type
AWF15 FNSPRT407 Investigate and substantiate entitlement in an intestate estate Unit of competency
State Code National Code Title Type
BHU7 FNS42222 Certificate IV in Personal Trust Administration Qualification
BHX2 FNS52022 Diploma of Personal Trusts Qualification