Monash University Handbook 2010 Undergraduate - Unit

Synopsis

An introduction to the principles of estate duty and planning. An examination of the administration of deceased estates and insolvent estates including the following: Principles of testate and intestate succession, role of the Master of the High Court, executor's role and the executor's account, application for sequestration and acts of insolvency, consequences of sequestration, role of the trustee, trustee's accounts, preferential creditors, encumbered assets, contribution, claim withdrawal, composition, insolvent deceased estates and partnerships, grounds for and methods of winding-up companies and close corporations, judicial management and rehabilitation.

Objectives

The learning goals associated with this unit are to:

• apply principles of testate and intestate succession
• develop an understanding of the role of the Master of the High Court and the executors role over the executors account
• examine the laws applicable to encumbered assets, claim withdrawal and grounds for and methods of winding-up companies.

Assessment

Within semester assessment: 30%
Examination (3 hours, open-book): 70%

Contact hours

One 2-hour lecture and one 1-hour tutorial per week

Prerequisites

BTW1201