Advise clients on trust structures

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSPRT501, 'Advise clients on trust structures'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Advise clients on trust structures' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Determine client needs and advise client on suitable trust structures

1.1 Discuss the client's personal, financial and family circumstances and identify areas of risk to preservation of the client's assets

1.2 Advise client on trust structures available to mitigate the identified risks including the type of trust, how the trust is created and administered, the taxation consequences of the trust, any legislative requirements for the trust and the role of the trustee

1.3 Discuss and confirm with the client the fees and cost structure for the advice on trust structures and the preparation of trust documentation

1.4 Identify relevant legislation and organisational policies and procedures for consideration in drafting the client's trust documentation

1.5 Seek assistance, advice or other services from internal or external specialist advisers as required

2. Prepare draft trust documentation

2.1 Research relevant strategies, laws and trust structures

2.2 Identify and consider the benefits, risks and taxation consequences of each trust structure proposed

2.3 Prepare, in accordance with legislative and organisational policy requirements, appropriate draft trust documentation for the client to review and consider

3. Present draft trust documentation to the client

3.1 Explain to the client the draft trust documentation, trust structure and trust objectives

3.2 Discuss with the client how the trust structure will achieve asset protection for the client

3.3 Explain to the client what the client will need to do to finalise and implement the draft trust documentation

3.4 Seek and consider the client's feedback on the draft trust documentation

4. Finalise trust documents

4.1 Document any amendments to the draft trust documentation arising from the client's feedback on the draft trust documentation

4.2 Finalise the draft trust documentation and prepare an execution copy of each document

4.3 Discuss with the client any changes in the final trust documentation

4.4 Arrange for the client's due execution of the trust documentation


Qualifications and Skillsets

FNSPRT501 appears in the following qualifications:

  • FNS50510 - Diploma of Personal Trustees
  • FNS41311 - Certificate IV in Personal Trust Administration
  • FNS50511 - Diploma of Personal Trustees
  • FNS50515 - Diploma of Personal Trustees
  • FNS41315 - Certificate IV in Personal Trust Administration
  • FNS42215 - Certificate IV in Personal Trust Administration
  • FNS52015 - Diploma of Personal Trusts