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
What evidence can you provide to prove your understanding of each of the following citeria?
Determine client needs and build rapport
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The needs and expectations of the client and relevant details of their estate are discussed and confirmed with the client Completed |
Evidence:
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The nature and purpose of trusts and relevant information, taxation and legislative requirements, consequences and requirements are explained to the client Completed |
Evidence:
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Benefits and considerations are identified and explained accurately to the client including the types of investments that can be utilised when investing trust assets Completed |
Evidence:
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The role and responsibilities of a trustee are explained clearly and accurately in a language appropriate to the client Completed |
Evidence:
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Reconcile client concerns and gain confirmation
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Client concerns regarding the advice and recommendation are discussed and clarified and confirmation on how to proceed is determined Completed |
Evidence:
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Associated fee and cost structures are clearly explained to client and their formal agreement is gained Completed |
Evidence:
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Process and timeframes for execution are clearly explained and confirmation of understanding gained from client Completed |
Evidence:
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Prepare and document trust deed
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A Trust deed is prepared according to client and statutory requirements and the structure checked for legal implications and any complications Completed |
Evidence:
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Settlement deed is executed and initial assets are received Completed |
Evidence:
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Record keeping and safe storage of the trust deed is undertaken according to organisational and legislative requirements Completed |
Evidence:
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Relevant details and information in relation to the beneficiaries are gathered and confirmed Completed |
Evidence:
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Provide ongoing service
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Type of reporting service is agreed upon with client Completed |
Evidence:
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Needs of beneficiaries for both income and capital are identified and an investment strategy is prepared where appropriate Completed |
Evidence:
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Beneficiaries' profiles are established and relevant records obtained Completed |
Evidence:
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Ongoing service and management of the trust is provided and reviewed as required Completed |
Evidence:
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