September 2000

September is high-net-worth month

Millennium Series Focuses on Wealth Preservation

Each September, The CPA Journal focuses on high-net-worth individuals and their advisors. Thanks to the longest run of prosperity in history, more people qualify as “high-net-worth” and many others aspire to join the high-net-worth “club.” And, because this is an election year, changes to the tax law that would affect high-net-worth individuals—such as the proposed repeal of the estate tax—are high on the nation’s agenda.

The timeless theme of financial planning for wealth preservation runs through this month’s feature articles, from the impact of a recent IRS ruling on qualified terminable interest property trusts (QTIP) to using family limited partnerships (FLP). As more people join the high-net-worth club, they will need astute, multifaceted planning that considers the complexities inherent in tax-efficient resource management, which CPAs can provide. This year’s lineup of high-net-worth experts brings valuable advice that will, whatever tax law changes are wrought in the not-too-distant future, reward those who heed it.

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The CPA Journal is broadly recognized as an outstanding, technical-refereed publication aimed at public practitioners, management, educators, and other accounting professionals. It is edited by CPAs for CPAs. Our goal is to provide CPAs and other accounting professionals with the information and news to enable them to be successful accountants, managers, and executives in today's practice environments.

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