- AHCAGB602A - Manage estate planning
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
AHCAGB602A Mapping and Delivery Guide
Manage estate planning
Version 1.0
Issue Date: April 2024
| Qualification | - |
Unit of Competency | AHCAGB602A - Manage estate planning |
|---|---|---|---|
| Description | This unit covers the process of managing an estate and defines the standard required to: identify estate planning requirements; clarify estate planning arrangements; implement estate planning. | ||
| Employability Skills | This unit contains employability skills. | ||
| Learning Outcomes and Application | This unit relates to the process of managing and planning the succession and distribution of an estate within a family agricultural business context. | ||
| Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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| Prerequisites/co-requisites | |||
| Competency Field | |||
| Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
|---|---|---|---|---|---|---|---|---|
| Elements of Competency | Performance Criteria | |||||||
| Element: Identify estate planning requirements |
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| Element: Clarify estate planning arrangements |
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| Element: Implement estate planning |
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Evidence Required
List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. | |
Overview of assessment | |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy holistically all of the requirements of the performance criteria and required skills and knowledge and include achievement of the following: identify estate planning requirements clarify estate planning arrangements implement estate planning. |
Context of and specific resources for assessment | Competency requires the application of work practices under work conditions. Selection and use of resources for some worksites may differ due to the regional or enterprise circumstances. |
Submission Requirements
List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here
Assessment task 1: [title] Due date:
(add new lines for each of the assessment tasks)
Assessment Tasks
Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.
Required skills |
separate personal goals from enterprise goals behave ethically define agreements and contracts logically consider investment financial and retirement options use literacy skills to fulfil job roles as required by the organisation. The level of skill may range from reading and understanding documentation to completion of written reports use oral communication skills/language competence to fulfil the job role as specified by the organisation including questioning, active listening, asking for clarification, negotiating solutions and responding to a range of views use numeracy skills to estimate, calculate and record complex workplace measures use interpersonal skills to work with others and relate to people from a range of cultural, social and religious backgrounds and with a range of physical and mental abilities. |
Required knowledge |
effective interpersonal communication techniques conflict resolution, negotiation and mediation techniques solve problems relating to estate management goal setting strategies working knowledge of estate structures, retirement options, wills and estate planning procedures. |
The range statement relates to the unit of competency as a whole. | |
Factors influencing planning may include: | the size and asset classes of the estate the range of options for their allocation. |
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.
Observation Checklist
| Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice | Yes | No | Comments/feedback |
|---|---|---|---|
| Contingency and succession arrangements are identified and assessed against enterprise and individual requirements. | |||
| Income continuation options are identified and evaluated to find best fit for enterprise requirements. | |||
| Personal and business goals are identified and distinguished. | |||
| Needs of those affected by succession arrangements are considered and taken account of in estate planning. | |||
| Plans for retirement and inheritance are made clear to all relevant parties. | |||
| Apparent inequities in estate distribution are discussed, clarified and mediated. | |||
| Legal implications of succession planning are accounted for in determining succession arrangements and estate distribution. | |||
| External advice is sought as required to clarify obligations and potential effects on business performance. | |||
| Strategies for estate distribution and succession are determined and implemented. | |||
| Estate structures and transfer arrangements are monitored and reviewed against tax and legislative requirements. | |||
| Estate planning and succession is monitored against enterprise performance. | |||
| Relevant documentation is completed to meet legal and procedural obligations, and to avoid legal complications. |
Forms
Assessment Cover Sheet
AHCAGB602A - Manage estate planning
Assessment task 1: [title]
Student name:
Student ID:
I declare that the assessment tasks submitted for this unit are my own work.
Student signature:
Result: Competent Not yet competent
Feedback to student
Assessor name:
Signature:
Date:
Assessment Record Sheet
AHCAGB602A - Manage estate planning
Student name:
Student ID:
Assessment task 1: [title] Result: Competent Not yet competent
(add lines for each task)
Feedback to student:
Overall assessment result: Competent Not yet competent
Assessor name:
Signature:
Date:
Student signature:
Date: