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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 👁 7.6M
YouAligned
Yoga Mat Buyer’s Guide - Our 10 Favorite Yoga Mats On the Market
⏲ 7 minutes 47 seconds 👁 242.3K
Yoga Workouts with Laura
How To Choose A Yoga Mat: Top 9 Common Yoga Mat Materials Explained
⏲ 10 minutes 40 seconds 👁 6.6K
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 👁 4.3M
Being Yoga
Choosing a Yoga Mat
⏲ 3 minutes 49 seconds 👁 17.9K
The Yoga Institute
Is it Important to Use Yoga Mat While Performing Asanas? Interesting Facts about Yoga Mats
⏲ 3 minutes 48 seconds 👁 30.8K
Benefits of yoga...
Yoga Benefits And The Effects For Health And Well-Being
⏲ 2:10 👁 9.2M
Jen Bell Yoga
2023 Best yoga mat guide: expert picks for every budget and style
⏲ 11 minutes 32 seconds 👁 6.5K
decathlon_india
How to choose Yoga Mat
⏲ 1 minute 56 seconds 👁 4.9K
Discounts, rebates and gifts worth up to RM800,000 will be on offer when purchasing children’s goods under the Domestic Trade and Cost of Living Ministry’s latest Ihsan Rahmah programme, says its minister Datuk Armizan Mohd Ali.<br/><br/>Dubbed the \
Mydin launches 'Kasih Sayang Ibu dan Si Manja' campaign
⏲ 7:7 👁 1.1M
ePainAssist
Buy Yoga Exercise Mats at Discounted Prices with Free Worldwide Shipping
⏲ 12 seconds 👁 2K
NANCY GUPTA
Unboxing Hrx yoga mat 💙 #yogamat#yogamats #hrx
⏲ 15 seconds 👁 3.2K
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