Estate-Tax Reform Adds to Financial Planning Confusion, Experts Business Wire (05/31/01) Vol. 21, No. 5 p.60; Kenney, Patrick J.
Wealth management firms and their clients must learn to
quickly adapt to the regulatory and market changes taking place in
estate planning if they expect to survive, warns estate planning
attorneys Robert A. Esperti and Renno L. Peterson. These changes have
created an environment of uncertainty for most companies, says Esperti
and Peterson, especially the estate tax issue and financial services
reform. To help quiet some of these concerns, the men have established
a "virtual academy" for estate- and wealth-planning professionals. The
Academy of Multidiciplinary Practice is structured to offer financial
professionals a broad understanding of the various industries classified
as financial services.