What’s the distinction between characterizing someone as an employee or
independent contractor? Perhaps more importantly, do you as a wealth advisor or
estate planner care? Isn’t this an issue that’s solely within the purview of CPAs? No.
It can affect a wide range of planning considerations, and even if the more technical
tax nuances are primarily addressed by CPAs and corporate attorneys, wealth
advisors and estate planners need to be conversant with the issues as it can touch on
many common planning areas.