knowledge topics
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10 Law
Both CFP professionals and QAFP professionals are expected to possess knowledge related to Wills and Powers of Attorney that will ensure they can evaluate if such documents align with the individual’s wishes, and where appropriate, advise the individual to seek professional legal advice to update those documents. Their knowledge will also allow them to explain the implications associated with sole and joint ownership of personal property (both while the owners are living and upon their deaths) and the characteristics, advantages and disadvantages of business ownership structures.
While QAFP professionals are expected to have knowledge that can be used in planning to avoid estate tax (probate), CFP professionals are expected to have a broader knowledge of estate succession related to advanced strategies for probate planning, creditor proofing an estate, claims for dependants’ relief and preferential share under intestacy. CFP professionals are also expected to possess knowledge related to the division of property and support and maintenance upon relationship breakdown; trusts, domestic contracts, partnership and shareholder agreements; and the factors to consider in determining the optimal business structures for a business owner.
Version 1.4.0
Both QAFPTM Professionals and CFP® Professionals
CFP® Professionals Only
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Foundations of Law
Both QAFPTM Professionals and CFP® Professionals
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Personal Property Ownership
Both QAFPTM Professionals and CFP® Professionals
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Foundations of Family Law
Both QAFPTM Professionals and CFP® Professionals
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Impacts of Relationship Breakdown
CFP® Professionals Only
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Foundations of Estate Law
Both QAFPTM Professionals and CFP® Professionals
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Estate Succession
CFP® Professionals Only
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Powers of Attorney
Both QAFPTM Professionals and CFP® Professionals
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Trust Law
CFP® Professionals Only
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Foundations of Business Ownership Structures
Both QAFPTM Professionals and CFP® Professionals
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Business Ownership Structures
CFP® Professionals Only
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Contracts
CFP® Professionals Only
previous / 09 Taxation