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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 👁 7.4M

U.S. Dept. of Veterans Affairs

Aid & Attendance Enhanced Pension for Veterans and Dependents | VA | Veterans Benefits | theSITREP

⏲ 2 minutes 32 seconds 👁 26.1K

Woods u0026 Woods, The Veterans Firm

Gulf War Syndrome and VA Disability Claims

⏲ 8 minutes 31 seconds 👁 8.9K

At a House Appropriations Committee hearing prior to the Congressional recess, Rep. Ben Cline (R-VA) questioned Attorney General Merrick Garland about recordings made by President Biden's ghostwriter.<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/><br/>Stay Connected<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

Ben Cline Asks Garland About Sharing Recordings Made By Biden's Ghostwriter With WH But Not Congress

⏲ 2:25 👁 38.9M

Boomer Benefits - Medicare Expert

How Does Medicare Work with VA Benefits? | VA and Medicare Explained

⏲ 6 minutes 8 seconds 👁 12.4K

TheCivDiv

NEW BILL PASSED Protecting Veterans And Their VA Disability Ratings

⏲ 8 minutes 23 seconds 👁 7.5K

Europe’s first major exhibition on kimono opens to the public on Saturday 4 May at V&A Dundee.<br/> <br/>Kimono: Kyoto to Catwalk presents the kimono as an iconic garment and a dynamic, ever-evolving icon of fashion, tracing the influence of the kimono from 17th century Japan to present-day cutting-edge couture and street fashion across the world.<br/> <br/>In the exhibition, rare 17th and 18th century kimono are displayed alongside modern designs from Issey Miyake, Yohji Yamamoto, and Alexander McQueen. The kimono’s recent reinvention on the streets of Japan is also explored through work by a new wave of contemporary designers and stylists.<br/> <br/>Arguably the ultimate symbol of Japan, the kimono is revered within the country as the embodiment of national culture and internationally regarded with fascination. This symbolic status, and the fact that its basic form has remained consistent over the centuries, means that that the kimono is often viewed as a simple, timeless garment. Kimono: Kyoto to Catwalk counters that conception, revealing how the kimono has always been a dynamic item of fashionable dress that has been restyled consistently throughout its history, influencing modern fashion and popular culture, from evening wear and festival fashion, to rock stars and Star Wars.

Kimono: Kyoto to Catwalk opens at V&A Dundee

⏲ 1:9 👁 5.6M

Combat Craig

EXPOSED: The Truth About Nexus Letters and VA Claims (What You Need To Know)

⏲ 5 minutes 45 seconds 👁 1.9K

Chisholm Chisholm u0026 Kilpatrick LTD

Secondary Conditions to Sleep Apnea and VA Ratings

⏲ 15 minutes 23 seconds 👁 31K

On the House floor, Rep. Don Beyer (D-VA) slammed a GOP push to take grey wolves off the endangered species risk.<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/><br/>Stay Connected<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

⏲ 3:58 👁 3.9M

Hill and Ponton, P.A.

Arthritis Pain May Qualify for VA Disability Benefits

⏲ 16 minutes 8 seconds 👁 37.6K

Hill and Ponton, P.A.

4 Ways To Get Aid and Attendance (SMC-L)

⏲ 4 minutes 24 seconds 👁 13.7K

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