Donald Jay Korn

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.

High-net-worth clients have more assets exposed to various claims so advisors should make certain liability insurance is far-reaching and asset titling decisions recognize creditor protection concerns.

High-net-worth clients have more assets exposed to various claims so advisors should make certain liability insurance is far-reaching and asset titling decisions recognize creditor protection concerns.

If an advisor is offered 360% of trailing-12, this app will break down the details: how much is upfront and how much is doled out for various thresholds along the way. Plus, annual payout bonuses will be revealed.

Traditional immediate annuities are now known as income annuities, and consumers are making sure of substantial future cash flows by paying well in advance.

Increased taxes on long-term capital gains has renewed interest in trusts that can sell donated assets, avoid tax, and pay a stream of income to the donors.

To report a capital loss yet retain a position in the relinquished asset, clients can double up in November and sell the original holding after waiting more than 30 days.

Health insurance questions may dominate this year’s conversation, as the Affordable Care Act’s effects become widespread, but advisors should help clients with other key areas as well.

Many clients believe there will come a time when estate tax is again a concern and liquidity will be needed.

From now to December 7, seniors can decide whether to look for flexibility in original Medicare or cost savings in a private Medicare Advantage plan.

Married clients can arbitrage Social Security benefits for maximum long-term payouts.