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Tax reform was a watershed event for practitioners with high-net-worth (HNW) clients. Practitioners had a tremendous amount of work incorporating the new provisions into their clients’ wealth strategies to ensure those strategies were still in keeping with clients’ goals. Practitioners also had a unique opportunity to engage with clients and foster stronger bonds, helping cement relationships for years to come.
Sweeping Tax Reform
The Tax Cuts and Jobs Act (the Act), the most significant tax reform legislation in over 30 years,1 went into effect last year, bringing with it as many opportunities as it did challenges for practitioners. Opportunities increased for work with business owners and the ultra-affluent. One of the biggest challeng...
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