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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 👁 18M

The Reading Train

📕 Kid's Read Aloud : The Value Of Kindness -The Story Of Elizabeth Fry By Spencer Johnson M.D.

⏲ 15 minutes 5 seconds 👁 980

Lorena Santana

Family READ ALOUD (Virus Theme) - The Story of Louis Pasteur (Value Tales) Science Medicine Kids

⏲ 16 minutes 39 seconds 👁 3.5K

Imagine ancient civilizations that straight-up vanished, leaving behind nothing but mysteries and unanswered questions. We're talking about places like the lost city of Atlantis or the enigmatic Nazca lines in Peru. These places have got archaeologists scratching their heads and diving deep into the history books, trying to piece together what went down. And let's not forget about the Mayans and their mind-blowing temples hidden deep in the jungle—how did they build those things without modern tech? It's like stepping into a real-life adventure movie, and we're all just along for the ride!Animation is created by Bright Side.<br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/<br/> <br/>Check our Bright Side podcast on Spotify and leave a positive review! https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV<br/> <br/>Subscribe to Bright Side: https://goo.gl/rQTJZz<br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook: https://www.facebook.com/brightside<br/>Instagram: https://www.instagram.com/brightside.official<br/>TikTok: https://www.tiktok.com/@brightside.official?lang=en<br/> <br/>Stock materials (photos, footages and other):<br/>https://www.depositphotos.com<br/>https://www.shutterstock.com<br/>https://www.eastnews.ru<br/>----------------------------------------------------------------------------------------<br/> For more videos and articles visit:<br/>http://www.brightside.me<br/> ----------------------------------------------------------------------------------------<br/>This video is made for entertainment purposes. We do not make any warranties about the completeness, safety and reliability. Any action you take upon the information in this video is strictly at your own risk, and we will not be liable for any damages or losses. It is the viewer's responsibility to use judgement, care and precaution if you plan to replicate.

Lost Civilizations Archaeologists Can't Explain

⏲ 9:3 👁 52M

Eva Sofia Bothwell Roessler

⏲ 45 seconds 👁 407

Rebecca Knudson's Creations

The Value of Patience, The Story of theWright Brothers

⏲ 16 minutes 47 seconds 👁 181

Meet The Greek Shipping Billionaires Getting Rich Off Russian Oil

⏲ 17:15 👁 8.8M

Carl Gundestrup

⏲ 1 minute 👁 85

cosproductions

ValueTales by Spencer Johnson Book Trailer

⏲ 2 minutes 👁 12.9K

A local western Sydney council passed an amendment to ban same-sex parent books or materials within their libraries in a meeting on May 1, 2024.

Cumberland City Council bans same-sex parent books

⏲ 2:25 👁 37.9M

joannedegroot

The Value of Series Books

⏲ 2 minutes 53 seconds 👁 11

Master Key Society

Think And Grow Rich (1937) by Napoleon Hill

⏲ 10 hours 7 minutes 30 seconds 👁 5.6K

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