EPP1 Foundations of Estate Planning

EPP1 Foundations of Estate Planning

Overview

While lawyers are not financial planners, understanding the financial issues is critical to estate planning. This subject covers a range of financial planning matters which fall within the ambit of a solicitor, from business structures to insurance matters. Students learn how to apply these financial concepts to the drafting of a client advice and an estate plan.

This subject will cover preparing an estate management plan, setting up structures to protect the estate, taxation of estates, protecting the estate from claims, superannuation, insurance, asset transfer to companies, trustees and other entities and challenges to estate planning strategies.

This subject will provide an introduction to estate planning and some of the estate planning tools and strategies that are available. It will take you through the basics of how to prepare an estate plan. It covers the legislative and case law governing the use of discretionary trusts, superannuation and insurance as estate planning and asset protection tools.

 

Outline

Topics in this subject include

  • Introduction to estate planning
  • Preparing an estate management plan
  • Structures and asset protection strategies with an emphasis on the discretionary trust
  • Social security and special disability trusts
  • Capacity and substitute decision making
  • Superannuation - issues arising during the establishment, accumulation and pension phase of superannuation funds
  • Superannuation and death
  • Insurance
  • Taxation of deceased estates


Availability

IN STEP WITH STEP

The College of Law is an Accredited Education Partner of STEP, the worldwide professional association for practitioners dealing with family inheritance and succession planning. STEP has over 20,000 members across more than 80 countries from a broad range of professional backgrounds.


One subject in either the Wills & Estates major or Estate Planning major, gives you 30 Diploma Level credits towards STEP membership. If you wish to proceed to Full STEP Membership, with use of post-nominal TEP, you must have a minimum of two years’ relevant experience and successfully complete 120 Diploma Level credits, including the successful completion of any two subjects from the following list:

  • WEP1 Foundations of Wills & Estates Practice; 
  • WEP2 Law and Practice of Estates;
  • EPP1 Foundations of Estate Planning; 
  • EPP2 Superannuation. 

 

How to enrol

1. Download and read the Program Manual (PDF).
This document contains all the terms and conditions relating to your enrolment at The College of Law.

2. Decide on your program and initial subject/s

3. Enrol online

 

 

More information