MAA700 Assessment Task 2 Brief

MAA700 Estate Planning and Risk Management Strategies— Trimester 1 2026

Assessment Task 2 — Case Study: Data analysis with Written Report

PERCENTAGE OF FINAL GRADE: 30%
WORD COUNT: 3000 words (excluding appendices, spreadsheets)

Description

Purpose
This task provides you with opportunities to learn the knowledge (GLO1 & ULO1) and skills (GLO 4, GLO5 & ULO3) required in the study and practice of estate planning. By completing this task, you will develop your skills in researching, understanding, critically evaluating, and presenting information required of financial professionals. For Assessment Task 2, students will work in groups of 3 and assume financial advisor roles. You will be presented with a case study involving client scenario/s. As part of your responsibilities, you are required to use the case study to demonstrate your understanding of key estate planning concepts and advisory processes. This may include providing clients with relevant estate planning advice using client needs analysis to justify recommendations.

Context/Scenario

The Bollywood Family Trust is a discretionary trust. The trustee is Kollywood Pty Ltd and has three directors and shareholders (1/3 shareholding each): Aamir, Salman and Shah Rukh, who are brothers. The appointor is Aamir. The trust has assets worth $12M, consisting of a commercial property worth $8M (cost base $4M) which is in Box Hill, Victoria and various term deposits worth $4M (assume cost base is $4M). Salman had contributed $2M as an interest free loan when the trust was set up in 2002.

On day one, you met with Aamir and his wife Helen. Aamir was born in 1948 and is a retired Psychologist. Helen was born in 1946 and is a retired Doctor. Helen is starting to show signs of dementia (not officially diagnosed yet). They have two children. Arman born in 1975, and Anika born in 1978. Arman is married to Shamala and has 2 children, aged 10 and 12. They have been separated for the past 12 months with little hope of a reconciliation. Recently, Shamala has started posting on social media and included pictures of a male friend. Anika is single and lives in Romania. Anika has substance abuse issues. Aamir and Helen believe that education is extremely important and want to support their grandchildren as long as they are alive and in the event of their death. Aamir and Helen reside in NSW.

Aamir and Helen’s assets are as follows:

• A home owned as joint tenants worth $2,500,000. The home was acquired in 2000 for $1,000,000.
• An investment property owned as tenants in common with 50% share each bought in 2010 for $650,000, currently valued at $1,000,000.
• Share portfolio presently worth $1,000,000 (joint names) all purchased after 1985 for $500,000.
• They have a Self-Managed Super Fund (individual trustees) worth $2,000,000 with Aamir and Helen having an equal balance. The fund balance has a 70% taxable component. They have nominated each other as beneficiaries.
• They do not have a will or any powers of attorney.

On day two, you met with Salman and Noorie.
Salman was born in 1950 and is a retired businessman. Noorie was born in 1953 and is a homemaker. They have three children. Jaslyn born in 1985, Sher in 1987, and Sherni in 1987. Jaslyn is divorced and in a new relationship. Sher is married to Kim, and they have 1 child aged 3. Sherni is married to Elijah, and they have 3 children aged 6, 4, and 1. Elijah has a gambling problem and consistently gets Sherni to ask her parents for money. Salman and Noorie reside in Victoria.

Salman and Noorie’s assets are as follows:

• A home owned as joint tenants worth $1,500,000. The home was acquired in 2000 for $750,000.
• An investment property owned by Salman bought in 2010 for $1,000,000, currently valued at $2,000,000.
• Share portfolio presently worth $3,000,000 (joint names) all purchased after 1985 for $1,000,000.
• They have gifted all 3 children with funds of $1,000,000 each to buy residential properties which they have utilized accordingly.
• They have a simple will outlining that all assets are to be inherited by the remaining spouse and in the event of the remaining spouse’s death, it goes equally to their children. They do not have any powers of attorney.

On day three, you met with Shah Rukh and Agritha.
Shah Rukh was born in 1953 and is a retired military officer. He is suffering from Post Traumatic Stress Disorder (PTSD). Agritha was born in 1956 and is a doctor. They have one child, Gabbar born in 1987. Gabbar has a disability. He was involved in a hit and run a few years back and has not been able to walk ever since. Shah Rukh and Agritha reside in Victoria.

Shah Rukh and Agritha’s assets are as follows:

• A home owned as joint tenants worth $1,200,000. The home was acquired in 2010 for $650,000.
• An investment property owned by Agritha bought in 2010 for $800,000, currently valued at $1,500,000.
• Agritha has $1.2M in super. The taxable component is 50%. Binding nomination to Shah Rukh.
• They do not have a will or power of attorney.

Specific Requirements

Question 1

After analysing Aamir and Helen’s personal circumstances, highlight all the potential issues that can arise presently and in the event of their death and/or loss of mental capacity. Prepare written advice to Aamir and Helen outlining the necessary recommendations that you will make to mitigate or avoid all the potential issues.
Approximately 800 words

Question 2

After analysing Salman and Noorie’s personal circumstances, highlight all the potential issues that can arise presently and in the event of their death and/or loss of mental capacity. Prepare written advice to Salman and Noorie outlining the necessary recommendations that you will make to mitigate or avoid all the potential issues.
Approximately 800 words

Question 3

After analysing Shah Rukh and Agritha’s personal circumstances, highlight all the potential issues that can arise presently and in the event of their death and/or loss of mental capacity. Prepare written advice to Shah Rukh and Agritha outlining the necessary recommendations that you will make to mitigate or avoid all the potential issues.
Approximately 600 words

Question 4

The Bollywood Family Trust has served them well since it was created. Given the current family dynamics, what are the potential issues that may or can arise in the event of either Aamir, Salman, or Shah Rukh’s death or mental incapacity? What will be your advice to them? Do they keep the trust, or do they divest (close) the trust? Provide your views for both scenarios (keep the trust or divest the trust). Ensure you include the advantages and disadvantages of both scenarios.
Approximately 800 words

Clearly state all your assumptions where necessary.