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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.
⏲ 1:29 👁 5M
SciShow Psych
⏲ 4 minutes 36 seconds 👁 72.6K
SPM u0026 Research with Dr Rock Britto
⏲ 2 minutes 17 seconds 👁 3.2K
Boeing Faces, Potential Criminal Charges , Following String of Incidents.<br/>'The Independent' reports that federal officials have <br/>issued a warning to Boeing regarding possible criminal charges due to the airliner's failure to improve safety. .<br/>The government-issued warning comes after <br/>a series of incidents, including two 737 Max <br/>jet crashes within a five-month span. .<br/>One crash occurred in Indonesia in <br/>2018 and another took place in Ethiopia in 2019.<br/>A total of 346 people were <br/>killed in the two crashes.<br/>Following those two crashes, <br/>Boeing agreed to pay $2.5 billion and <br/>make a number of safety improvements.<br/>Feds now accuse Boeing of violating that deal and <br/>claim the company could face further prosecution <br/>following a series of incidents in recent months.<br/>In January, an Alaska Airlines Boeing <br/>737 MAX 9 had a door plug <br/>blow off mid-flight. .<br/>That incident resulted in the FAA <br/>ordering all 171 MAX 9 jets be grounded <br/>while the agency investigated the incident. .<br/>For failing to fulfill completely the terms <br/>of and obligations under the [deferred <br/>prosecution agreement], Boeing is subject <br/>to prosecution by the United States for <br/>any federal criminal violation of which <br/>the United States has knowledge, Department of Justice lawyers <br/>letter to a federal judge, via 'The Independent'.<br/>'The Independent' reports that a number of whistleblowers <br/>have accused Boeing of cutting corners when it comes to<br/>quality and expertise in exchange for short-term profit.
⏲ 1:31 👁 23.7M
Mr. Sinn
⏲ 4 minutes 33 seconds 👁 16.1K
The Royal Society
⏲ 2 minutes 59 seconds 👁 647.3K
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.
⏲ 1:29 👁 3.8M
Practical Psychology
⏲ 10 minutes 8 seconds 👁 1.1M
Psychology Element
⏲ 11 minutes 10 seconds 👁 4.6K
These Signs Could Mean , It May Be Time for Therapy.<br/>We have all been through so much in the past few years and some of us have been hit harder than others.<br/>Experts say that constant feelings of anxiousness, irritability or sadness can be a signal that it may be time for professional help.<br/>When it’s really affecting how you live your life, is when we want you to reach out for support, Dr. Erica M. Richards, Sibley Memorial Hospital, via 'The New York Times'.<br/>Thoughts of self harm or a significant withdrawal from the people who have a positive influence in your life can also be warning signs.<br/>Everyone has <br/>occasional bad days, Brit Barkholtz, Licensed Independent Clinical Social Worker, via 'The New York Times'.<br/>But, if you’re having more days like that than not — and no matter how many friends you talk to, or sick days you take, , Brit Barkholtz, Licensed Independent Clinical Social Worker, via 'The New York Times'.<br/>... or strategies you try, it still seems like you’re not feeling any better — it could be time to look into therapy, Brit Barkholtz, Licensed Independent Clinical Social Worker, via 'The New York Times'.<br/>Shifts in eating or sleeping patterns and turning to alcohol or drugs for relief ...<br/>... are other signs that speaking with a <br/>professional therapist might be a good idea.<br/>What makes a therapist different from the people in your personal life who you trust ... .<br/> ... is that a therapist has the credentials “to hold really tough stuff that people bring to therapy.” .<br/>If you think you're ready to speak with a mental health professional, experts recommend that you begin by researching your options.<br/>The American Psychiatric Association provides a \
⏲ 1:31 👁 13.9M
MindfulThinks
⏲ 2 minutes 50 seconds 👁 15.7K
The Real Investment Show
⏲ 56 minutes 19 seconds 👁 2.5K
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