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The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.

IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed

⏲ 1:29 👁 38.3M

Indigo Anthems

Capital STEEZ - InVision (ft. AkTheSavior) 432hz

⏲ 2 minutes 40 seconds 👁 11.4K

TEAM KUKU

CAPITAL BRA feat. AK AUSSERKONTROLLE - DIE ECHTEN (prod. SAVENMUSIQ)

⏲ 3 minutes 18 seconds 👁 6.4M

At a Senate Appropriations Committee hearing on Wednesday, Sen. Lisa Murkowski (R-AK) questioned Sec. Lloyd Austin about the arctic strategy. <br/><br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com

'Would Be A Strategic Critical Error': GOP Senator Presser Lloyd Austin To Change Military Strategy

⏲ 5:51 👁 4.9M

A.K. Capital Services Share | Short Term Profit | Analysis

⏲ 18 minutes 7 seconds 👁 356

Wealthy with multibaggers

Fundamental analysis: A.K.Capital Services Ltd

⏲ 5 minutes 16 seconds 👁 324

We ask the people of London what they love about the capital during summertime.

What do Londoners love about the city in the summer?

⏲ 2:0 👁 4.3M

ak capital

ak capital ❌slam bamm

⏲ 2 minutes 40 seconds 👁 60

58home.ca-房东网

地产投资思维的5点改变： “还房贷”是现在最好的投资之一？当今房市，现金流比增值会让我们走得更远？如果利率降了，市场需求会否迅速增加？综观房市现状及未来走势，最好的买入时机是何时？

⏲ 28 minutes 39 seconds 👁 2.3K

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.

IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed

⏲ 1:29 👁 4.2M

Click Capital

A Legend Falls: From the CIA to Mastering Markets

⏲ 22 minutes 29 seconds 👁 1.6K

EK NETWORK

TECH STOCK ANALYSIS (Amazon, Google, Meta, Apple, Tesla, Msft, Nflx, Amd, Nvda ) #tsla #amzn #nvda

⏲ 13 minutes 51 seconds 👁 212

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