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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 👁 7.1M

Absolute Documentaries

Gypsies Living On Benefits In Britain | Gypsy And Proud | Absolute Documentaries

⏲ 45 minutes 31 seconds 👁 253.1K

Galactic Defender

Benefits Britain Series1 Episode 10

⏲ 45 minutes 17 seconds 👁 173.9K

Right Way to Eat Anjeer: अंजीर की तासीर गर्म होती है इसलिए कई लोग गर्मी में अंजीर खाना पसंद नहीं करते हैं. आज हम आपको इसके खाने का तरीका और इसके फायदे के बारे में बात करेंगे. <br/> <br/>Right Way to Eat Figs: Figs are hot in nature, hence many people do not like to eat figs in summer. Today we will talk to you about the way to eat it and its benefits. <br/> <br/> <br/>#anjeer #healthtips#healthtrends#healthyfood#healthylifestyle <br/><br/>~PR.115~HT.318~ED.120~

गर्मियों में अंजीर कैसे खाना चाहिए | Summer Mein Anjeer Kaise Khaye | Anjeer Benefits | Boldsky

⏲ 2:18 👁 11.4M

Galactic Defender

Benefits Britain Breadline Scousers

⏲ 45 minutes 11 seconds 👁 410.7K

Galactic Defender

Benefits BritainOn the Yorkshire Dole

⏲ 44 minutes 55 seconds 👁 291.6K

Simply FOLLOW BOTH @freeflycinema + @vincentlaforet for a chance to win a #MoVI M10.Simple no? http://wp.me/pjtZ0-2a4 nnThis short was shot with the The

⏲ 2 min 88 sec ✓ 05-Apr-2013

wynterpixieharlow

Benefits Britain: Life on the dole (Episode 1)

⏲ 44 minutes 50 seconds 👁 673.7K

Gravitas Documentaries

Food Choices | How Your Diet Affects Your Health | Health & Wellness | FULL DOCUMENTARY

⏲ 1 hour 31 minutes 10 seconds 👁 198.4K

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 👁 5.7M

alienkargo

On benefits and proud !

⏲ 44 minutes 55 seconds 👁 1.5M

RIVER

Benefits Britain

⏲ 45 minutes 4 seconds 👁 67.1K

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