Unit of competency Outline

Date retreived
23/07/2026 10:34 AM AWST

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Manage estate planning

Manage estate planning

Unit of competency
National Code
AHCAGB602
State Code
BAM43
TGA Status
Replaced
DTWD Status
Transition (Replaced)
Current Release Number
1.00
Current Release Date
27/06/2016
View on TGA
State Implementation and Classification
Approved Date
12/01/2017
Field of Education
080321 - Farm Management And Agribusiness
Original Release Date
12/01/2017
Nominal Hours
45
Description
This unit of competency describes the skills and knowledge required to manage and plan the succession and distribution of an estate within a family agricultural business context.All work must be carried out to comply with workplace procedures, work health and safety legislation and codes, and sustainability practices.This unit applies to individuals who take personal responsibility and exercise autonomy in undertaking complex work. They must analyse information and exercise judgement to complete a range of advanced skilled activities. They work in contexts that are subject to change and adapt a range of fundamental principles accordingly.No occupational licensing, legislative or certification requirements are known to apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Identify estate planning requirements
  • 1.1 Identify and assess contingency and succession arrangements against enterprise and individual requirements
  • 1.2 Identify and evaluate income continuation options to find best fit for enterprise requirements
  • 1.3 Identify and distinguish personal and business goals
  • 1.4 Consider needs of those affected by succession arrangements in estate planning
2. Clarify estate planning arrangements
  • 2.1 Make clear plans for retirement and inheritance to all relevant parties
  • 2.2 Consider legal and financial implications of succession planning in determining succession arrangements and estate distribution
  • 2.3 Discuss, clarify and mediate apparent inequities in estate distribution
  • 2.4 Seek external advice as required to clarify obligations and potential effects on business performance
3. Implement estate planning
  • 3.1 Determine and implement strategies for estate distribution and succession
  • 3.2 Monitor and review estate structures and transfer arrangements against tax and legislative requirements
  • 3.3 Monitor estate planning and succession against enterprise performance
  • 3.4 Complete relevant documentation to meet legal and procedural obligations
No information
No information
Replaces
State Code National Code Title Type
D6643 AHCAGB602A Manage estate planning Unit of competency
Replaced By
State Code National Code Title Type
OBK44 AHCAGB607 Manage succession planning Unit of competency