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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 👁 3.7M

PayrollCardoVEVO

Payroll Giovanni & Cardo - My Lifetime (Audio)

⏲ 3 minutes 24 seconds 👁 233.3K

leftmebreathless79

Phyllis Hyman - Somewhere in My Lifetime

⏲ 3 minutes 31 seconds 👁 1M

An incredible new submarine looks like a UFO.<br/><br/>The Triton 660/9 AVA has been launched as the ultimate vessel for deep sea sightseeing.<br/><br/>Florida-based Triton say their craft features the world’s first submersible with a free-form acrylic pressure hull.<br/><br/>It has been specifically designed for the cruise and hospitality sectors, with the ability to dive to 200m.<br/><br/>Nine occupants – eight guests plus a pilot - are able to view undersea world through a large bubble-like window.<br/><br/>Triton say the subs are able to be quickly reconfigured between dives, and can offer a variety of dive activities, including dining or cocktail dives, spa treatments, or even subsea gaming experiences.<br/><br/>Following successful sea trials, DNV certification, and delivery to Valparaiso, Chile by Boeing 747 aircraft, Triton submarines have now been fully integrated on board Scenic Eclipse II cruise ship, operated by Scenic Luxury Cruises & Tours.<br/><br/>Patrick Lahey, President and Co-Founder, Triton Submarines, said: \

Incredible new submarine looks like UFO

⏲ 3:1 👁 90.9M

JAY-Z

In My Lifetime (Remix)

⏲ 4 minutes 38 seconds 👁 1M

Christian Songs Playlists

My Lifetime, I Will Give God My Lifetime- MFM Choir

⏲ 2 minutes 5 seconds 👁 8K

The Biden administration finalized a new rule to ensure financial advisors, brokers, and insurance agents act as fiduciaries and put client interests ahead of their own. Under current rules, advisers can recommend higher-commission investments that may not be best for clients. It takes effect September 23rd and is estimated to impact around 5 million savers and boost retirement accounts by up to 20% over a lifetime. Critics warn it could make professional retirement assistance more expensive and difficult to access. Supporters say it protects investors from conflicts of interest and improper investment recommendations.

Biden Administration Implements Rule to Ensure Fiduciary Duty for Financial Advisors, Boosting Retirement Accounts by up to 20% Over a Lifetime

⏲ 0:39 👁 2M

Christian Healing Ministry for all nations

My lifetime edit1

⏲ 5 minutes 14 seconds 👁 31.8K

Victor Davis Hanson

\"The Worst Thing Any President Has Done in My Lifetime\" | Victor Davis Hanson

⏲ 7 minutes 55 seconds 👁 852.3K

The Substitute Princess's Love (2024) Episode 2 English sub

The Substitute Princess's Love (2024) Episode 2 English sub

⏲ 29:3 👁 2.6M

JAY-Z

JAY-Z - In My Lifetime

⏲ 4 minutes 29 seconds 👁 239.4K

Nyashinski

Time Of My Life (feat. Bien)

⏲ 3 minutes 48 seconds 👁 361.8K

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