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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 👁 3.3M

The Disability Granted Channel

SSI RESOURCE LIMITS - COUNTABLE RESOURCES

⏲ 5 minutes 16 seconds 👁 61

In 30 Minutes

Social Security: Overview of SSI income and asset requirements

⏲ 4 minutes 59 seconds 👁 11.1K

Leaving these assets to loved ones may be more trouble than it’s worth. How to avoid adding to their grief after you're gone.

Some Of The Worst Assets To Inherit And Why

⏲ 2:58 👁 28.3M

Social Security Disability videos

Income and Assets After Your SSDI or SSI Award

⏲ 3 minutes 40 seconds 👁 68.8K

The Nomberg Law Firm

What Resources are not Considered when Applying for Supplemental Security Income (SSI) benefits?

⏲ 2 minutes 17 seconds 👁 161

Biden Cancels Over $7 Billion in Student Debt , for More Than 277,000 Borrowers.<br/>On April 12, President Joe Biden said that over 277,000 borrowers in more than <br/>40 states will have $7.4 billion in student <br/>loan debt wiped out, 'The Hill' reports. .<br/>To date, the Biden administration has canceled $153 billion in student loan debt. .<br/>From day one of my administration, <br/>I promised to fight to ensure higher <br/>education is a ticket to the middle class, <br/>not a barrier to opportunity. , President Joe Biden, via statement.<br/>I will never stop working to cancel <br/>student debt – no matter how <br/>many times Republican elected <br/>officials try to stop us, President Joe Biden, via statement.<br/>'The Hill' reports that Biden's loan forgiveness has largely been aimed at helping <br/>\

Biden Cancels Over $7 Billion in Student Debt for More Than 277,000 Borrowers

⏲ 1:30 👁 16.3M

The Disability Granted Channel

SSI - 24 UNCOUNTED RESOURCES revealed by Social Security which it cannot count against SSI limits.

⏲ 12 minutes 👁 45

Devin Carroll

Social Security Income Limit: What Counts As Income?

⏲ 9 minutes 13 seconds 👁 86.7K

Biden Cancels Over $7 Billion in Student Debt , for More Than 277,000 Borrowers.<br/>On April 12, President Joe Biden said that over 277,000 borrowers in more than <br/>40 states will have $7.4 billion in student <br/>loan debt wiped out, 'The Hill' reports. .<br/>To date, the Biden administration has canceled $153 billion in student loan debt. .<br/>From day one of my administration, <br/>I promised to fight to ensure higher <br/>education is a ticket to the middle class, <br/>not a barrier to opportunity. , President Joe Biden, via statement.<br/>I will never stop working to cancel <br/>student debt – no matter how <br/>many times Republican elected <br/>officials try to stop us, President Joe Biden, via statement.<br/>'The Hill' reports that Biden's loan forgiveness has largely been aimed at helping <br/>\

Biden Cancels Over $7 Billion in Student Debt for More Than 277,000 Borrowers

⏲ 1:30 👁 830K

Social Security Disability Benefit Videos SSI SSDI

New SSI Benefit Increase Passed Today

⏲ 44 minutes 5 seconds 👁 46.6K

\"Real Life On Social Security\". I CAN'T DO THIS ANYMORE!

⏲ 8 minutes 32 seconds 👁 11.1K

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