_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.jpg "IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed from up to faster ben and holly Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 1:29
👁 View: 4.2M times
✓ Published: 30-Apr-2024
👁 View: 4.2M times
✓ Published: 30-Apr-2024
Description:
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.
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.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_kurulus-osman-episode-157-with-english-subtitles-124-etv-facts.webp "Kurulus Osman Episode 156 With English Subtitles | Etv Facts<br/>Watch this episode on my website. This is also a way to financially support us. Thank you.<br/>LINK:<br/>https://kyakahan.com/archives/9822<br/>Episode 158 Trailer:<br/><br/>In the upcoming episode of our beloved series, we are in for a rollercoaster ride of emotions and suspense. The trailer hints at a treacherous trap being set for Osman Bey, putting his son's life in danger. As tensions rise and swords are drawn in Kayı Obası, Osman Bey is determined to foil all the games being played around him.<br/><br/>One of the key questions that arise from the trailer is: What plan will Osman Bey come up with to end the discord he is facing? With his son's life on the line, Osman Bey's determination to protect his family and tribe is unwavering. As he comes face to face with Ulcay, the stakes are higher than ever.<br/><br/>The aftermath of Ahmet's death causes a rift in the tribe, leading to a confrontation between key characters. Osman Bey takes matters into his own hands by detaining İbrahim Bey and Yakup Bey in the camp, refusing to let the blood of his brother be shed.<br/><br/>Meanwhile, Melike Hatun and İbrahim Bey are consumed by anger and grief, swearing to avenge their son's death. What revenge plan are they plotting and how will it impact the dynamics within the tribe?<br/><br/>On a lighter note, Alaeddin Bey and Gonca Hatun's wedding brings a moment of joy amidst the chaos. As Osman Bey and Bala Hatun oversee the ceremony, one can't help but wonder what consequences this union will bring.<br/><br/>The struggles of Orhan and Mehmet add another layer of tension to the storyline. Mehmet's determination to find Alaeddin and Gonca leads to a fierce fight with Orhan. How will this conflict resolve and what implications will it have on the characters involved?<br/><br/>As the plot thickens, the union of Ulcay and Mehmet Bey poses a new threat to the tribe. With Mehmet striking a deal with Ulcay to save Yakup Beys, what dangers await Osman Bey as he embarks on a mission to Ahmet's grave?<br/><br/>With a stellar cast and a gripping storyline, this episode promises to keep viewers on the edge of their seats. The production team at Bozdağ Film has once again delivered a compelling narrative, led by the talented Mehmet Bozdağ.<br/><br/>As we eagerly await the release of Episode 158, the questions on everyone's minds remain: What will Osman Bey's plan be? How will the characters navigate the challenges ahead? And most importantly, what twists and turns await us in this thrilling installment of our favorite series? Stay tuned to find out.")
_yorkshire-three-peaks-fell-race-first-staged-70-years-ago-in-1954.webp "It is a landmark year for the participants of the Three Peaks Fell Race.<br/><br/>It was first staged 70 years ago in 1954. This year’s event which was held on Saturday was only the 68th, given that Foot and Mouth disease and the pandemic meant two of the annual events had to be cancelled.<br/><br/>But still more than 800 people aged 18 to mid-70s lined up for one of the most demanding races in the country.")
_delivery-man-sprints-and-leaps-over-gate-after-being-chased-by-tiny-pet-dog.webp "This is the hilarious moment a delivery driver was sent sprinting in fear by a tiny pet dog.<br/><br/>Doorbell camera footage shows the man vaulting over the 1.15m tall gate as the ankle-size pooch chases after him.<br/><br/>Jonathan Carr, 77, Barney's owner, said that once the initial fright had passed the Yodle delivery man also had a good laugh. <br/><br/>Jonathan, a retired entrepreneur from Baschurch, near Shrewsbury, Shropshire, said: \")
_live-celtics-vs-heat-game-3-postgame-show-124-garden-report.webp "The Garden Report goes live following the Celtics game 3 vs the Heat. Catch the Celtics Postgame Show featuring Bobby Manning, Josue Pavon, Jimmy Toscano, A. Sherrod Blakely and John Zannis as they offer insights and analysis from Boston's game vs Miami.<br/><br/>This episode of the Garden Report is brought to you by:<br/><br/>Get in on the excitement with PrizePicks, America’s No. 1 Fantasy Sports App, where you can turn your hoops knowledge into serious cash. Download the app today and use code CLNS for a first deposit match up to $100! Pick more. Pick less. It’s that Easy! Go to https://PrizePicks.com/CLNS<br/><br/>Elevate your style game on and off the course with the PXG Spring Summer 2024 collection. Head over to https://PXG.com/GARDENREPORT and save 10% on all apparel. Use Code GARDEN REPORT!<br/><br/>Nutrafol Men! Take the first step to visibly thicker, healthier hair. For a limited time, Nutrafol is offering our listeners ten dollars off your first month’s subscription and free shipping when you go to https://Nutrafol.com/MEN and enter the promo code GARDEN!<br/><br/>#Celtics #NBA #GardenReport #CLNS")
_live-patriots-round-3-reaction-124-clns-draft-central.webp "Join CLNS Media's Taylor Kyles & John Zannis and Mike Kadlick for CLNS Media's Patriots Draft Central show where they react to Round 3 of the NFL Draft.<br/><br/>Get in on the excitement with PrizePicks, America’s No. 1 Fantasy Sports App, where you can turn your hoops knowledge into serious cash. Download the app today and use code CLNS for a first deposit match up to $100! Pick more. Pick less. It’s that Easy! Football season may be over, but the action on the floor is heating up. Whether it’s Tournament Season or the fight for playoff homecourt, there’s no shortage of high stakes basketball moments this time of year. Quick withdrawals, easy gameplay and an enormous selection of players and stat types are what make PrizePicks the #1 daily fantasy sports app! Go to https://PrizePicks.com/CLNS<br/><br/>#Patriots #NFL #NewEnglandPatriots")
_live-patriots-round-4-reaction-124-clns-draft-central.webp "Join CLNS Media's Taylor Kyles & John Zannis and Mike Kadlick for CLNS Media's Patriots Draft Central show where they react to Round 4 of the NFL Draft.<br/><br/>Get in on the excitement with PrizePicks, America’s No. 1 Fantasy Sports App, where you can turn your hoops knowledge into serious cash. Download the app today and use code CLNS for a first deposit match up to $100! Pick more. Pick less. It’s that Easy! Football season may be over, but the action on the floor is heating up. Whether it’s Tournament Season or the fight for playoff homecourt, there’s no shortage of high stakes basketball moments this time of year. Quick withdrawals, easy gameplay and an enormous selection of players and stat types are what make PrizePicks the #1 daily fantasy sports app! Go to https://PrizePicks.com/CLNS<br/><br/>#Patriots #NFL #NewEnglandPatriots")
_how-much-does-it-cost-to-play-augusta-national.webp "Golf Monthly is one of the world's leading multi-platform golf media brands.<br/>We exist to help golfers get more out of the game they love. Our team of passionate golfers and experts produce authoritative in-depth reviews of the latest golf equipment to help you buy better, tips and advice to improve your game, ideas for golf courses to play and places to stay and coverage of the game at every level from grassroots up to Tour.")
_watch-in-my-feed-hairstylist-ursula-stephen-helps-zendaya-serve-up-memorable-styles.webp "To no surprise, Zendaya has won over fans with her grand-slamming glam for each Challengers (2024) premiere leading up to today’s nationwide release. Dyeing her hair honey blonde, the actress inaugurated her new romantic sports film– in which she leads as tennis star-turned-coach “Tashi”– with smashing updos, viral tennis braids, and ‘70s bouffants.")
⏲ 0:39 👁 14.1M
_kurulus-osman-episode-157-with-english-subtitles-124-etv-facts.jpg)
_yorkshire-three-peaks-fell-race-first-staged-70-years-ago-in-1954.jpg)
_delivery-man-sprints-and-leaps-over-gate-after-being-chased-by-tiny-pet-dog.jpg)
_live-celtics-vs-heat-game-3-postgame-show-124-garden-report.jpg)
_live-patriots-round-3-reaction-124-clns-draft-central.jpg)
_live-patriots-round-4-reaction-124-clns-draft-central.jpg)
_how-much-does-it-cost-to-play-augusta-national.jpg)
_watch-in-my-feed-hairstylist-ursula-stephen-helps-zendaya-serve-up-memorable-styles.jpg)
![[+]](/images/menu.gif){kind=small}