FPC005 Estate and Succession Planning

This subject develops students’ understanding of estate planning as an integral component of ethical holistic personal financial advice. It examines the role of the clients’ professional advisers and legal representatives in the establishment, management and administration of the clients’ estate and non-estate assets and business and legal structures. The impacts of death, incapacity, dependency, relationship breakdown, insolvency and taxation on clients’ estate planning objectives will be explored.

Students will develop strategies and solutions to address clients’ personal and business estate planning risks and meet their estate planning objectives.

For more information, please refer to the subject outline. For Study Period 2 2023 onwards, please refer to this subject outline.

  • Learning outcomes
    • On successful completion of this subject, individuals should be able to:

      1. Discuss the financial adviser’s role when providing ethical and effective estate planning advice
      2. Demonstrate knowledge of the requirements and consequences associated with estate planning objectives
      3. Evaluate the impact of significant events on personal, financial and business estate planning objectives
      4. Formulate strategies to manage the risks associated with a clients’ personal and business succession planning
  • Subject content
    • Topic Title
      Topic 1 Introduction to estate and succession planning
      Topic 2 Wills
      Topic 3 Attorneys and guardians
      Topic 4 Asset ownership and trusts
      Topic 5 Family law, insolvency and philanthropy
      Topic 6 Dealing with superannuation
      Topic 7 Overview of business succession planning
      Topic 8 Business succession strategies

      From Study Period 2 2023 onwards:

      Topic Title
      Topic 1 Advising clients on estate and succession planning
      Topic 2 Estate creation and management
      Topic 3 Planning for incapacity and dependency
      Topic 4 Structuring and taxation of assets and philanthropy
      Topic 5 Estate planning for superannuation
      Topic 6 Family law and insolvency impacts and strategies
      Topic 7 Business succession strategies and planning
      Topic 8 Implementation and administration of estate plans


  • CPD
    • Kaplan Professional has assessed this subject. Click here for the following CPD hours applicable from 1 January 2019 on successful completion of this course. For subjects or courses completed prior to this date, please contact Kaplan Professional’s CPD Support team on 1300 527 526 or pdmail@kaplan.edu.au.

  • Duration
    • The duration of this subject is one study period (12 weeks).

  • Assessment
    • Assessment Type Assessed Weighting
      Examination Week 6 50%
      Assignment Week 12 50%

      For Study Period 2 2023 onwards:

      Assessment Type Assessed Topics Weighting
      Quiz Week 4 1-3 10%
      Assignment Week 7 2-5 35%
      Quiz Week 9 6-7 15%
      Assignment Week 12 1-8 40%

      Click here for an assessment timetable.

  • Prerequisites
    • There are no prerequisites for this subject.

      However, individuals should review the ‘Assumed Knowledge’ tab to understand the prior knowledge Kaplan advises they should hold before enrolling in this subject.

  • Assumed knowledge
    • Whilst there are no prerequisites for this subject, Kaplan assumes that individuals have completed FPC003 Superannuation and Retirement Advice and FPC004 Insurance Advice, or understand the content covered in those subjects, prior to undertaking FPC005 Estate and Succession Planning.

  • Course transition subject equivalence
    • Individuals may not be required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan course and have completed the following subjects:

      • there are no equivalences for this subject.
  • Reading list
    • There is no prescribed text for this subject.

      Individuals are provided with key readings and access to Kaplan’s online databases. Individuals are encouraged to research and read widely on the topic.