Donald Jay Korn

Donor-advised funds allow clients to make a single contribution of assets, then dole out the proceeds to multiple charities.

'People don't understand it, but it sounds bad,' says one advisor. Here are a few ways to frame the conversation.

A measured dose of private placements can boost returns for HNW clients willing to hold some illiquid assets.

While standard charitable remainder trusts can deliver tax benefits, lifelong income and philanthropic satisfaction, specialized versions add control over when the income starts to flow.

A measured dose of private placements can boost returns for HNW clients willing to hold some illiquid assets.

While standard charitable remainder trusts can deliver tax benefits, lifelong income and philanthropic satisfaction, specialized versions add control over when the income starts to flow.

Savvy inheritance planning can alleviate HNW clients' concerns that their wealth will be squandered or lead to squabbling among heirs. Here's how advisors can conduct the most effective family meetings to tackle these delicate issues.

Savvy inheritance planning can alleviate HNW clients' concerns that their wealth will be squandered or lead to squabbling among heirs. Here's how advisors can conduct the most effective family meetings to tackle these delicate issues.

Transferring partial property rights to a preservation group offers financial and non-financial rewards at acceptable costs as long as the proper procedures are followed.

Transferring partial property rights to a preservation group offers financial and non-financial rewards at acceptable costs as long as the proper procedures are followed.

The so-called Crummey technique has the IRS concerned, so planners might want to alert HNW clients before the opportunity is reined in.

The so-called Crummey technique has the IRS concerned, so planners might want to alert HNW clients before the opportunity is reined in.

Portability shelters up to $10.68 million from transfer taxes for couples in 2014, but HNW clients can benefit from additional tactics.

Portability shelters up to $10.68 million from transfer taxes for couples in 2014, but HNW clients can benefit from additional tactics.

HNW clients face steep income and estate tax in some states, so a legal move to tax-friendlier territory can pay off.

HNW clients face steep income and estate tax in some states, so a legal move to tax-friendlier territory can pay off.

Prenups can help HNW clients and heirs in case of divorce or death, but advisors must avoid offending these spouses-to-be.

Prenups can help HNW clients and heirs in case of divorce or death, but advisors must avoid offending these spouses-to-be.

Increased tax rates have made it more costly to sell appreciated assets, so it may be better to make charitable or family gifts. Specified selling strategies can also help keep HNW clients from max-tax territory.

Increased tax rates have made it more costly to sell appreciated assets, so it may be better to make charitable or family gifts. Specified selling strategies can also help keep HNW clients from max-tax territory.