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September 2013 » The Benefits and Limitations of...
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Lee G. Knight, PhD, and Ray A. Knight, JD, CPA/PFS
CPAs who serve as financial or tax advisors are often the first professionals that individuals turn to for advice on financial matters—and the greater one's wealth, the more necessary a CPA's expertise is for financial decisions. The ongoing, natural relationship that CPAs develop with clients paves the way for them to add value, while also developing their own practices. Many CPAs already have joined the team of professionals (e.g., attorneys, life insurance agents, financial planners, trustees) involved in developing and monitoring clients' estate plans.
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