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Just as you prepare for life’s significant events, it's equally crucial to anticipate your eventual departure and protect your loved ones from the burden of financial complications. Forbes contributor True Tamplin outlines how to tackle your assets.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/truetamplin/2023/10/31/4-questions-to-know-if-you-are-financially-prepared-to-die/?sh=4275a1864730<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<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/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<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<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Are You Financially Prepared To Die? 4 Ways To Plan For The Inevitable

⏲ 3:28 👁 13.3M

Laura Morby

How To Underwrite A Real Estate Deal | Step by Step Walkthrough!

⏲ 34 minutes 22 seconds 👁 9.3K

Wenatchee World

World's Best 2017: Laura Mounter Real Estate

⏲ 51 seconds 👁 76

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 👁 3.7M

Laura Morby

Operation Buy A Truck - Teach My Teenager How to WHOLSALE Real Estate!

⏲ 31 minutes 9 seconds 👁 359

Wenatchee World

World's Best 2016: Laura Mounter Real Estate

⏲ 1 minute 3 seconds 👁 79

A mum says trolls tell her she is \

⏲ 3:10 👁 3.7M

RE Coach Crate

Buyer Process Automated for Real Estate Agents! | Coach Laura Dahl || RE Coach Crate

⏲ 58 minutes 3 seconds 👁 820

LaurenZside

I Tried Working As A Real Estate Agent ...But I Only Sell CRIME SCENE Houses

⏲ 22 minutes 39 seconds 👁 497.5K

A developer’s bid to axe all affordable housing from a new estate has been branded \

Anger as developer bids to remove affordable housing from estate

⏲ 1:4 👁 97.7M

The Ultimate Expedition

Prince Harry Explains Why His Sister Was Always A Secret

⏲ 31 minutes 41 seconds 👁 110.5K

VANESSA HOME STAGER

HOME STAGING WALK THROUGH - BEFORE AND AFTER

⏲ 13 minutes 12 seconds 👁 17.5K

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