Estate & Business Succession Planning Online Learning Module

The Learning Objectives

This online learning module is designed to test the user’s overall knowledge of Estate & Business Succession Planning issues in a range of practical situations. A number of different topic within this broad area are covered:

  • Powers of attorneys;
  • Estate assets;
  • Appointing executors and trustees;
  • Charges for acting as executor;
  • Disposing of assets by will;
  • Testamentary trusts;
  • Dealing with overseas assets;
  • Charitable trusts;
  • Superannuation and death;
  • Taxation of estates;
  • Non-will trusts;
  • Contesting wills;
  • Control of family trusts; and
  • Business succession.

It must be emphasised that the range of topics covered in the online learning module do not represent the totality of the area of Estate & Business Succession Planning. This is due to the complex and extensive nature of the area.

When using the module, the relevant page in the Estate & Business Succession Planning Handbook at which the particular topic is discussed can be accessed by clicking the link. In some instances, a following or preceding page or pages may also be relevant.

PLEASE NOTE: To gain full functionality from this quiz please use the latest version of Microsoft Internet Explorer.

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It is important to note that the format of the module does not lend itself to the testing of the correctness of the reasoning process which leads the user to give a particular answer.  However, reference to the linked page of the Estate & Business Succession Planning Handbook will assist the user.

Learning Outcomes

If all questions are answered successfully without reference to the Estate & Business Succession Planning Handbook, this indicates a good grasp of the operation of the various Estate & Business Succession Planning provisions over a range of situations.  However, it must be remembered that a correct answer may have been given as a result of an “educated guess”, and it would be prudent to read the relevant material in the Handbook to confirm that the principles are understood.

If a question is not answered correctly, the user should concentrate on familiarising him/herself with the relevant principles in relation to the particular question.

In all cases, before giving advice in relation to a matter in which Estate & Business Succession Planning may be relevant, a practitioner must refer to all relevant materials (including the Handbook, any published ATO material and relevant cases and legislation).

This online learning module comprises four segments each of which can be completed on its own.

PLEASE NOTE: This online learning module requires Microsoft Internet Explorer 6.0 and above.

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