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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.
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DJ CHIKO
⏲ 4 minutes 👁 3.7K
Financial Fit Telugu
⏲ 1 minute 25 seconds 👁 186
A criminal gang operating out of Blackburn have been jailed for more than 40 years after concealing large amounts of cocaine in cheese.<br/><br/>On May 3 2023, Lancashire Police raided a unit at the Old Fire Station in Blackburn and found a £17.2 million haul of cocaine.<br/><br/>The unit belonged to 46-year-old Saleem Chaudhri, who had hidden the large amounts of cocaine inside blocks of Gouda cheese.<br/>
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Diary Ni Langga
⏲ 10 minutes 40 seconds 👁 753
Gattu Sekhar
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When you go to a place like Disneyland, where tens of thousands of people go every day, you’re bound to have to deal with all sorts of crazy things from different people. You can have wonderful moments when a stranger does something nice for you, but you can also have frustrating moments with tired and angry people. And then there are the gross things you’ll see that you wish you never had to witness.<br/><br/>If you’ve spent any considerable amount of time in a theme park, or just been unlucky, you may have witnessed some pretty awful stuff. A recent Reddit thread is highlighting the grossing thing people have seen at Disneyland specifically, and while there are all sorts of terrible things, I’m noticing three recurring themes.
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ProudMoney - Credit Cards u0026 Personal Finance
⏲ 6 minutes 34 seconds 👁 26.1K
God's own
⏲ 2 minutes 58 seconds 👁 4.6K
Members of the public react to the government's proposal to raise the minimum age to purchase cigarettes every year. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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Killed while saving a stranger from a traffic collision, a 34-year-old neet is reincarnated into a world of magic as Rudeus Greyrat. With knowledge, experience, and regrets from his previous life retained, Rudeus vows to lead a fulfilling life and not repeat his past mistakes. Now gifted with a tremendous amount of magical power as well as the mind of a grown adult, Rudeus is seen as a genius in the making by his new parents. Soon, he finds himself studying under powerful warriors, such as his swordsman father and a mage named Roxy Migurdia—all in order to hone his apparent talents. But despite his innocent exterior, Rudeus is still a perverted otaku, who uses his wealth of knowledge to make moves on women whom he could never make in his previous life.
⏲ 23:40 👁 1.1M
Former One Direciton star Zayn Malik wants to live on a \
⏲ 1:12 👁 395K
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