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 FNSPRT501A, '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

1. Determine client needs and build rapport

1.1. The needs and expectations of the client and relevant details of their estate are discussed and confirmed with the client

1.2. The nature and purpose of trusts and relevant information, taxation and legislative requirements, consequences and requirements are explained to the client

1.3. Benefits and considerations are identified and explained accurately to the client including the types of investments that can be utilised when investing trust assets

1.4. The role and responsibilities of a trustee are explained clearly and accurately in a language appropriate to the client

2. Reconcile client concerns and gain confirmation

2.1. Client concerns regarding the advice and recommendation are discussed and clarified and confirmation on how to proceed is determined

2.2. Associated fee and cost structures are clearly explained to client and their formal agreement is gained

2.3. Process and timeframes for execution are clearly explained and confirmation of understanding gained from client

3. Prepare and document trust deed

3.1. A Trust deed is prepared according to client and statutory requirements and the structure checked for legal implications and any complications

3.2. Settlement deed is executed and initial assets are received

3.3. Record keeping and safe storage of the trust deed is undertaken according to organisational and legislative requirements

3.4. Relevant details and information in relation to the beneficiaries are gathered and confirmed

4. Provide ongoing service

4.1. Type of reporting service is agreed upon with client

4.2. Needs of beneficiaries for both income and capital are identified and an investment strategy is prepared where appropriate

4.3. Beneficiaries' profiles are established and relevant records obtained

4.4. Ongoing service and management of the trust is provided and reviewed as required


Qualifications and Skillsets

FNSPRT501A 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