Nathan Yii, CTA, Subject Convenor
Tax for Trusts - Estate Planning & Wealth Management
Helping clients manage and distribute wealth
An ageing population, complicated family relationships, tax legislation and longer lifespans create a complex landscape for managing and distributing wealth. This subject arms you with the skills to understand the tax laws, evaluate the implications, compare strategies and produce client advice.
As the population ages - and lives for longer - issues of how to transfer, manage and protect wealth become ever more complicated. Trusted advisers are needed to help families and individuals address implications and strategies.
Tax for Trusts, Estate Planning and Wealth Management is your insight into the skills and knowledge you need to successfully plan, deliver and advise clients on a range of issues.
Delivered by the expert voted 2015 Best in Australia for Superannuation Tax Issues (Acquisition International tax Awards), this subject will help you compare, assess and communicate the tax implications of wealth accumulation and management.
- Subjects1
- Credit Points6
- LevelAdvanced
- Cost$1,690
- CPD30 hours
- DeliveryDistance learning
- Study Length12 weeks
- Study Periods2 per year
- Study Per Week10 hours
- Subject CodeATL008
ATL008 Tax for Trusts in Estate Planning and Wealth Management gives you the skills to advise clients on a range of strategies, and is an essential for any practitioner needing to understand even the most complex tax matters relating to trusts and estates.
Who is this for?
- anyone who has completed a core subject as part of the Graduate Diploma of Applied Tax Law
- certified Financial Planners (CFP™)
- CPA and CA qualified accountants
- corporate tax specialised professional
- financial advisers
- lawyers
- lawyers who wish to specialise in estate planning
- tax professional advising high net worth clients.
Entry requirements
- hold an Australian degree or diploma in:
a. accounting; or
b. commerce; or
c. finance; or
d. law; with
e. tax or commercial law subjects - have completed CTA1 Foundations, CTA2A Advanced and CTA2B Advanced subjects, or an equivalent qualification. Please Contact The Tax Institute Higher Education for further information
- meet English language requirements if the language of instruction for your 6 years of high school qualifications was not English
- have at least 12 months’ relevant Australian tax or tax law experience.
Learning outcomes
On completion of ATL008 Tax for Trusts in Estate Planning and Wealth Management you will be able to, but not limited to, outline, examine and apply the key tax law which apply to the estate planning process and the ability to explain the implications of choosing various estate or succession planning strategies to clients.
Modules
- ITAA framework for estate planning
- trust income and expenses in planned estates
- cost and benefits of estate planning choices
- capital growth in planned estates
- trusts income and expenses: case studies
- capital growth in planned estates: case studies
- risk assessment and management in estate planning
Enrolment inclusions
Resources made available to a candidate (excluding assessment-only study) are:
- access to an online learning portal
- study materials (soft copy)
- access to Legal Research and Reasoning Course
- online access to Marks’ Trusts & Estates: Taxation and Practice,3rd Edition
- access to key chapters from Estate & Business Succession Planning, 7th Edition
- access to The Tax Institute’s TASA 2009 and the Code of Professional Conduct online module
- complimentary subscription to The Tax Institute’s Tax Knowledge eXchange for the duration of the subject
- recorded webinars
- past exam papers (where applicable)
- email access to the subject convenor for technical questions
- access to a Tax Research session to build research skills
- access to effective business writing skills module
- support from trained subject coordinators.
Assessment structure
- Online module quizzes - pass mark 50% Weighting 10%
- Exam (3 hours) - pass mark 50% Weighting 40%
- 2,500 - 3,000 word assignment - pass mark 50% Weighting 50%
Please note that all assessment tasks must be passed in order to complete the subject.
Distance learning
A flexible learning approach using an online learning platform supported by pre-recorded webinars and email support with a subject matter expert.
Assessment Only study
Assessment Only study allows candidates to accelerate their studies by progressing directly to the assessments for the subject based on prior study, qualifications and experience. Candidates will only receive access to past exam papers and online checkpoint tests prior to the exam.
Recognition of prior learning (RPL)
RPL is a process for providing candidates credit for learning or qualifications completed before your enrolment with The Tax Institute Higher Education.
To apply for RPL (fee $165), please complete the RPL form. Evidence of your qualifications will need to be provided with this application.
Advanced standing
Advanced standing is a process of transferring credits from subjects you have previously completed with The Tax Institute and The Tax Institute Higher Education. To apply for advanced standing (no fee applies), please complete the advanced standing form.
Please view our current timetable.
ATL008 Tax for Trusts in Estate Planning and Wealth Management
Subject fee: $1,690
$100 discount applies for early bird registration
Key dates and fees are subject to change without notice.
This subject does not attract GST.
The early bird discount applies per subject if enrolling before the early bird close date (except for assessment only study mode and CTA1 Foundations Intensive SP1 and SP2).
All Tax Institute Higher Education candidates are eligible to receive Education Membership of The Tax Institute for $199 (valued at $509) upon enrolment until 30 June in the subsequent calendar year. Member fees attract GST and price quoted is inclusive of GST.
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