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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 👁 12.6M

Home in WA

The Agency - Paul TonichEP4 29th August 2020

⏲ 2 minutes 7 seconds 👁 24

RE Renegades Ep20 – ‘'The First and Best Social Real Estate Identity in Australia' - Paul Tonich

⏲ 55 minutes 50 seconds 👁 355

Music star Adele has revealed that she would love to have a baby girl.

Adele: I want to have a baby girl

⏲ 1:1 👁 15.2M

The AGENCY WA

Real Estate in Doubleview - 183B Grand Promenade, Paul Tonich Corey Adamson Perth Property Team

⏲ 2 minutes 4 seconds 👁 23

Episode 31: Paul Tonich and John Percudani, Realmark and Altitude join forces, social media tips an

⏲ 27 minutes 36 seconds 👁 7

Sean Dobson, Chairman, CEO, and Chief Investment Officer, Amherst Julie Ingersoll, Chief Investment Officer, Americas Direct Real Estate Strategies, CBRE Investment Management Moderator: Shawn Tully, Fortune

Future of Finance 2024: What’s Next for Real Estate in the Era of High Interest Rates

⏲ 17:46 👁 48.7M

Home in WA

Paul Tonich NO310th November 2018 (621)

⏲ 56 seconds 👁 21

Realty AU

A Grand Residence on an Elevated Block Overlooking Hyde Park

⏲ 2 minutes 51 seconds

Credit: SWNS /Steve Bourdo<br/><br/>A woman gave a speech on her ex-husband's wedding day addressed to his new partner - and the pair get along and have dinners together.<br/><br/>Leah Bourdo, 39, read the emotional speech to her ex-husband Steve Bourdo’s new wife, Shonda, 35, on their wedding day in July 2023.<br/><br/>Steve, 38, and Leah have two daughters together, Kennedy, 13, and Harper, 11, and have worked hard to be able co-parent well.<br/><br/>When the pair divorced in January 2016, they didn’t speak for four years and could only communicate through email and Leah’s parents.<br/><br/>After letting it all out in a conversation, they decided to \

“My ex-wife gave a SPEECH to my new wife on our WEDDING DAY - they love HANGING OUT TOGETHER\

⏲ 3:14 👁 20.1M

Realty AU

A Unique Character Residence in Mount Hawthorn

⏲ 2 minutes 26 seconds 👁 1

Home in WA

Paul Tonich NO4 17th November 2018(622)

⏲ 42 seconds 👁 21

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