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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 👁 15.2M

The Hip Hop Mixtape New

02. Rick Ross Ft. The Dream - Money Dance (Black Dollar)

⏲ 7 minutes 41 seconds 👁 351.3K

LilNateThaGoerVEVO

Lil Nate Tha Goer - Money Dance ft. Banger Droop

⏲ 2 minutes 56 seconds 👁 38.3K

You might be surprised by some of the items you can and should purchase for just a buck.

Interesting Items You Can Buy At Dollar Stores

⏲ 2:37 👁 52M

Tim Milgram

Cardi B - Money - Dance Choreography by Jojo Gomez - #TMillyTV

⏲ 9 minutes 44 seconds 👁 8M

Dice Ailes

Dice Ailes - MONEY DANCE (Official Music Video)

⏲ 3 minutes 11 seconds 👁 226.1K

Forbes has been valuing real estate tycoon and former President Donald Trump's fortune for decades. Here’s the math behind how much cash he likely has on hand.<br/><br/>0:00 Introduction<br/>0:14 What Trump Owes In Penalities<br/>2:05 Trump Has $400 Million<br/>3:45 Trump's Books, Speeches, And Merch<br/>4:52 Trump's Most Expensive Property<br/>7:16 Some Financial Losses For Donald Trump<br/>8:50 Legal Bills Eating Away At The Trump Fortune<br/>9:34 Trump's Worth And Assets Round-Up<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/kylemullins/2024/03/02/heres-how-much-cash-donald-trump-has/<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<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/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<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<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Here’s How Much Donald Trump Has In Cash

⏲ 10:33 👁 3.1M

Peso Da Mafia

Peso Da Mafia - Money Man

⏲ 3 minutes 40 seconds 👁 2.9M

BLACK CAT

LISA - 'MONEY' Dance Practice [Mirrored]

⏲ 2 minutes 56 seconds 👁 5.5M

Martin Lewis explains what Brits will see in April pay packet after spring BudgetGood Morning Britain, ITV

Martin Lewis explains what you will see in your April pay packet after spring Budget

⏲ 0:47 👁 17.9M

Toquel

TOQUEL - Moneydance (Prod. by Beyond, Sin Laurent)

⏲ 2 minutes 57 seconds 👁 1.5M

Compton Av

Compton AvMONEY DANCE OFFICIAL VIDEO Instagram @ComptonAv

⏲ 4 minutes 48 seconds 👁 342.3K

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