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Evidence Guide: FNSPRT301 - Establish entitlements to an intestate estate

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

FNSPRT301 - Establish entitlements to an intestate estate

What evidence can you provide to prove your understanding of each of the following citeria?

Search for will

  1. Conduct investigations to confirm that deceased died intestate
  2. Obtain relevant affidavits to support application for administration
  3. Prepare and advertise notice of intention to apply for letters of administration, if required
Conduct investigations to confirm that deceased died intestate

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain relevant affidavits to support application for administration

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare and advertise notice of intention to apply for letters of administration, if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine intestate succession

  1. Undertake genealogical research relating to estate and establish family tree
  2. Analyse and confirm identity and rights of next of kin with verifiable documentary evidence
  3. Trace, identify and locate all beneficiaries
  4. Prepare and approve schedule of beneficiaries and their entitlements
Undertake genealogical research relating to estate and establish family tree

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse and confirm identity and rights of next of kin with verifiable documentary evidence

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Trace, identify and locate all beneficiaries

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare and approve schedule of beneficiaries and their entitlements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Search for will

1.1 Conduct investigations to confirm that deceased died intestate

1.2 Obtain relevant affidavits to support application for administration

1.3 Prepare and advertise notice of intention to apply for letters of administration, if required

2. Determine intestate succession

2.1 Undertake genealogical research relating to estate and establish family tree

2.2 Analyse and confirm identity and rights of next of kin with verifiable documentary evidence

2.3 Trace, identify and locate all beneficiaries

2.4 Prepare and approve schedule of beneficiaries and their entitlements

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Search for will

1.1 Conduct investigations to confirm that deceased died intestate

1.2 Obtain relevant affidavits to support application for administration

1.3 Prepare and advertise notice of intention to apply for letters of administration, if required

2. Determine intestate succession

2.1 Undertake genealogical research relating to estate and establish family tree

2.2 Analyse and confirm identity and rights of next of kin with verifiable documentary evidence

2.3 Trace, identify and locate all beneficiaries

2.4 Prepare and approve schedule of beneficiaries and their entitlements

Evidence of the ability to:

conduct a search for a will complying with legislative, industry and organisational requirements

document external specialists and resources contacted or used to establish entitlements to an intestate estate

determine beneficiaries and their entitlements in accordance with legislative, industry and organisational requirements

develop an application for letters of administration.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

summarise key requirements of relevant state and territory legislation and regulations relating to:

administration and probate

intestate succession

other related legislation

outline the roles, responsibilities and powers of the personal trust officer including:

organisational expectations

limitation of personal authority

discuss the professional code of conduct in the personal trustee sector including:

ethics

integrity

professionalism

confidentiality

summarise techniques for liaising with key organisational personnel with expertise in specialised areas relating to the personal trustee sector

outline relevant organisational policy and procedures in regards to establishing entitlements to an intestate estate.