MAA319 - Estate Planning and Insurance

Year:

2021 unit information

Enrolment modes: Trimester 1: Cloud (online)
Trimester 2: Burwood (Melbourne), Warrnambool, Waterfront (Geelong), Cloud (online)
Credit point(s): 1
Previously coded as: MAF316
EFTSL value: 0.125
Prerequisite:

MAA255 and MLC301

Corequisite: Nil
Incompatible with: MAF316
Study commitment

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

Scheduled learning activities - campus

1 x 3 hour seminar per week 

 

Scheduled learning activities - cloud (online) Recorded lecture plus 11 scheduled online interactive workshops of 1 hour duration

Content

This unit introduces students to the role of the professional financial adviser in the areas of estate planning and risk management and insurance.  The unit covers a number of important topics within estate planning including Wills, powers of attorney, intestacy, estate and non-estate assets, trusts (including testamentary trusts), distribution of estate assets and the tax implications of the deceased estates. Within the area of risk management and insurance, topics include an introduction to risk management and insurance; the role and regulation of the insurance industry in Australia, insurance contracts, types of personal insurance policies and the taxation of these products. 

The unit seeks to provide an introduction to the key concepts  of estate planning and personal risk insurance and then examines the application of these concepts to the provision of strategic advice and practical strategies to clients.

Unit Fee Information

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