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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 👁 13.3M

Cartoon Network Asia

Cha-Ching - Spend Your Money Wisely My Friend

⏲ 3 minutes 👁 41.5K

Cartoon Network Asia

Cha-Ching - Earn, Save, Spend and Donate

⏲ 3 minutes 👁 87.6K

E. Jean Carroll says she will spend the $83.3 million in damages from her lawsuit “on everything Donald Trump hates.”

E. Jean Carroll reveals shewill spend $83.3 million indamages “on everythingDonald Trump hates”

⏲ 0:50 👁 9.8M

Cha-Ching Videos

Cha-Ching: When You Get Money

⏲ 3 minutes 👁 88.7K

Cartoon Network Asia

Cha-Ching Season 2 - Big Big Waste of Money

⏲ 3 minutes 👁 67.1K

Taiwanese lawmakers shoved, tackled and hit each other in parliament on Friday (May 17) in a bitter dispute about reforms to the chamber, just days before president-elect Lai Ching-te takes office without a legislative majority. <br/><br/>The lawmakers surged around the speaker's seat. Though calm soon returned, there were more scuffles in the afternoon.<br/><br/>Main opposition party, Kuomintang, has more seats than the Democratic Progressive Party, but not enough to form a majority on its own, and has been working with the small Taiwan People's Party to push through its own proposals.<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline<br/>

Taiwan lawmakers trade blows in bitter dispute over parliament reforms

⏲ 1:33 👁 8.3M

Cha-Ching Videos

Cha-Ching: Spend Your Money Wisely My Friend

⏲ 3 minutes 1 second 👁 99.5K

Cha-Ching Videos

Cha-Ching Season 2: Back to the Budget

⏲ 3 minutes 👁 76.9K

What Every Frenchwoman Wants: Directed by Gianfranco Mingozzi. With Serena Grandi, Claudine Auger, Marina Vlady, Fabrice Josso. A teenager returns home to spend his summer vacation. However, in a mansion full of women, he will have no choice but to expand his education in titillating ways.<br/>Release date: Jan 06, 1987<br/>Duration: 01:35:00<br/>Director: Gianfranco Mingozzi<br/>Actors: Serena GrandiClaudine AugerMarina Vlady …<br/>Rating: 5.6/10 - 5.38K votes

What Every Frenchwoman Wants (1986) ⭐ 5.6 | Comedy

⏲ 1:40:0 👁 8.1M

Cha-Ching Videos

Cha-Ching: Earn, Save, Spend, Donate

⏲ 1 minute 7 seconds 👁 6.5K

Cartoon Network Asia

Cha-Ching Season 2 - Invisible Money

⏲ 3 minutes 👁 99.5K

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