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IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 👁 8.7M
DON'T Use an Irrevocable Trust Without These 4 Things
⏲ 11 minutes 51 seconds 👁 75.8K
Grantor Trust and Non-Grantor Trust Tax Related Differences
⏲ 3 minutes 24 seconds 👁 369
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 👁 3.8M
Can An Irrevocable Trust Also Be A Grantor Trust
⏲ 1 minute 3 seconds 👁 146
Grantor vs. Non-Grantor Trusts.What are the Federal Tax Rules?
⏲ 10 minutes 16 seconds 👁 2.1K
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 👁 4.8M
Grantor vs Trustee
⏲ 3 minutes 42 seconds 👁 2.2K
Difference Between a Revocable vs Irrevocable Trust
⏲ 11 minutes 39 seconds 👁 90.5K
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 👁 2.3M
What Happens to an Irrevocable Trust When the Grantor Dies? | RMO Lawyers
⏲ 5 minutes 9 seconds 👁 5.3K
What does \"Grantor Trust\" mean?
⏲ 2 minutes 32 seconds 👁 1.6K
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_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "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.")
_don39t-use-an-irrevocable-trust-without-these-4-things.webp "The Business Guy | Asset Protection | Lawyers Ltd")
_grantor-trust-and-non-grantor-trust-tax-related-differences.webp "Carolina Family Estate Planning")
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "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.")
_can-an-irrevocable-trust-also-be-a-grantor-trust.webp "Health Is Wealth")
_grantor-vs-non-grantor-trusts-what-are-the-federal-tax-rules.webp "Jason D. Knott")
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "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.")
_grantor-vs-trustee.webp "LegaLees")
_difference-between-a-revocable-vs-irrevocable-trust.webp "America's Estate Planning Lawyers")
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "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.")
_what-happens-to-an-irrevocable-trust-when-the-grantor-dies-124-rmo-lawyers.webp "RMO Lawyers")
_what-does-9234grantor-trust9234-mean.webp "Montana Estate Lawyers, P.C.")
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