STEP Diploma in Trusts and Estates New Zealand

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AUT offers a Diploma in Trusts and Estates, in affiliation with the Society of Trust and Estate Practitioners (STEP). STEP is the worldwide professional association for practitioners dealing with trusts, estates and asset planning.

Course overview

The STEP Diploma in Trusts and Estates is a practical and hands-on course designed and delivered by leading New Zealand trust and estate practitioners.

Completing the diploma

The diploma is made up of four advanced certificates delivered via a combination of online modules, distance learning and weekend workshops. There is also the option to complete individual advanced certificates and gain a Certificate of Proficiency.

When you complete all four advanced certificates you will be awarded the Diploma in Trusts and Estates.

Course details

Delivery mode: Online and distance learning with two weekend workshops (a live-stream of the workshops will be available to participants who are based outside of Auckland)
Student learning time: 122 hours comprising 24 hours of class contact and 98 hours independent study (7 hours independent study per week)
Assessment structure: 100% examination

Advanced certificates

Each advanced certificate takes 14 weeks to complete and ends with a take-home exam. You can complete the four certificates in any order.

The certificate covers:

  • The trust concept (including fundamental trust precepts), the three certainties, the transfer of assets into trusts and any statutory or case law requirements.
  • Background/history of discretionary and fixed trusts in New Zealand, the purposes of having a trust in a New Zealand context (including Family Protection Act 1955, Property (Relationships) Act 1976, and creditor protection) and related asset planning issues.
  • A consideration of the ways in which trusts may be rendered ineffective or “attacked” under both legislation such as the Property (Relationships) Act, Property Law Act 2007 and Insolvency Act 2006 and under case law.
  • The trust instrument (an examination of typical clauses in a modern discretionary family trust deed).
  • A brief introduction to other trusts (charitable trusts, superannuation schemes and unit trusts, Maori trusts, resulting and constructive trusts).

The administration of trusts, examines trustees’ duties and liabilities, including making distributions, investing and delegating, and exercising trust powers improperly, and gives practical guidance on the discharge of those duties and liabilities.

The administration of estates, assists executors and administrators in the core aspects of estate administration, including obtaining probate or letters of administration, addressing cross-border issues, dealing with creditors, potential claimants and beneficiaries, the transmission of assets and dealing with insolvent estates.

Taxation and accounting for trusts and estates, provides an understanding of what is required to prepare and understand financial statements and relevant tax issues, including the application of the settlor regime, cross-border issues and tax avoidance.

Cost and how to apply

Each advanced certificate costs $1,950 plus GST.

Apply now for: Taxation and Accounting for Trusts and Estates

Course dates: 22 July to 28 October 2018
Weekend workshop 1: 18 and 19 August 2018, 9am to 4pm with an hour for lunch
Weekend workshop 2: 29 and 30 September 2018, 9am to 4pm with an hour for lunch
Take-home exam dates: Released Friday 12 October and due back Friday 26 October

Applications close Friday 13 July 2018.

Apply now for Taxation and Accounting for Trusts and Estates

About the STEP Diploma in Trusts and Estates

This qualification is a STEP approved programme of study. It is not accredited by NZQA or AUT University.

Who it's for

This course has particular relevance to people whose working life touches on, or who are involved with trusts and estates:

  • General practitioner lawyers and legal executives
  • Accountants
  • Insurance and investment advisors
  • Trust specialists and trustee company employees
  • Law and business Students

STEP membership

Each advanced certificate provides you with credits towards STEP membership, enabling you to become either a STEP Affiliate or Technician.

Completion of the diploma (all four certificates) will provide 120 credits towards membership of STEP, which when combined with prior qualifications and work experience, allows you to become a full member of STEP and use the coveted designation TEP (Trusts and Estates Practitioner ).

STEP’s qualifications and membership framework (STEP website)

Contact us

Contact our Executive Education co-ordinator if you have questions or need help applying:

Phone: 09 921 9906