NTISthis.com

Evidence Guide: FNSPRT407 - Investigate and substantiate entitlement in 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

 

FNSPRT407 - Investigate and substantiate entitlement in an intestate estate

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

Establish file and apply for administration

  1. Research and gather evidence that confirms that the deceased died intestate
  2. Confirm domicile of the deceased and their movable and immovable assets
  3. Obtain relevant affidavits to support application for administration and prepare and lodge application
Research and gather evidence that confirms that the deceased died intestate

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm domicile of the deceased and their movable and immovable assets

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain relevant affidavits to support application for administration and prepare and lodge application

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine estate beneficiaries

  1. Identify complex family issues and draft family tree
  2. Undertake genealogical research and confirm identity and rights of beneficiaries with verifiable documentary evidence
  3. Trace, identify and locate beneficiaries using internal or external specialists and resources where required
Identify complex family issues and draft family tree

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake genealogical research and confirm identity and rights of beneficiaries with verifiable documentary evidence

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Trace, identify and locate beneficiaries using internal or external specialists and resources where required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm intestate scheme of distribution

  1. 3.1 Identify the relevant intestate legislation to determine beneficiaries' entitlement of the estate
  2. Explain to potential beneficiaries the administration process and certification required to prove their entitlement
  3. Prepare and confirm schedule of beneficiaries and their entitlements in accordance with organisational requirements
3.1 Identify the relevant intestate legislation to determine beneficiaries' entitlement of the estate

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Explain to potential beneficiaries the administration process and certification required to prove their entitlement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare and confirm schedule of beneficiaries and their entitlements in accordance with organisational requirements

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. Establish file and apply for administration

1.1 Research and gather evidence that confirms that the deceased died intestate

1.2 Confirm domicile of the deceased and their movable and immovable assets

1.3 Obtain relevant affidavits to support application for administration and prepare and lodge application

2.Determine estate beneficiaries

2.1 Identify complex family issues and draft family tree

2.2 Undertake genealogical research and confirm identity and rights of beneficiaries with verifiable documentary evidence

2.3 Trace, identify and locate beneficiaries using internal or external specialists and resources where required

3. Confirm intestate scheme of distribution

3.1 Identify the relevant intestate legislation to determine beneficiaries' entitlement of the estate

3.2 Explain to potential beneficiaries the administration process and certification required to prove their entitlement

3.3 Prepare and confirm schedule of beneficiaries and their entitlements in accordance with organisational requirements

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. Establish file and apply for administration

1.1 Research and gather evidence that confirms that the deceased died intestate

1.2 Confirm domicile of the deceased and their movable and immovable assets

1.3 Obtain relevant affidavits to support application for administration and prepare and lodge application

2.Determine estate beneficiaries

2.1 Identify complex family issues and draft family tree

2.2 Undertake genealogical research and confirm identity and rights of beneficiaries with verifiable documentary evidence

2.3 Trace, identify and locate beneficiaries using internal or external specialists and resources where required

3. Confirm intestate scheme of distribution

3.1 Identify the relevant intestate legislation to determine beneficiaries' entitlement of the estate

3.2 Explain to potential beneficiaries the administration process and certification required to prove their entitlement

3.3 Prepare and confirm schedule of beneficiaries and their entitlements in accordance with organisational requirements

Evidence of the ability to:

research and gather evidence that confirms an intestate estate

conduct genealogical research and determine beneficiaries and their entitlements according to legislative and organisational requirements

prepare documentation relating to application for administration of an intestate estate and a schedule of beneficiaries

explain to beneficiaries the processes for estate administration and proving their estate entitlement.

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:

describe the key legislative requirements of federal, state and territory legislation and regulations relating to:

wills

intestate succession

probate and administration

preparing an application for administration

taxation and tax obligations, including capital gains tax, as they relate to the administration of estates

outline the professional code of conduct, where applicable, in the personal trustee sector

discuss the role, responsibilities and powers of the personal trust officer when substantiating an intestate entitlement estate

identify the role of internal and external specialists relating to the substantiation of an intestate estate's entitlement

describe organisational policies and procedures regarding the substantiation of an intestate estate entitlement

describe potential estate liabilities including:

claims on the estate

fees and charges and other administration expenses

debts of the deceased

deceased final tax return obligations

list and describe what constitutes verifiable documentary evidence including:

affidavits

births, deaths and marriage certificates

religious certificates.