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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.
⏲ 1:29 👁 1.7M
Jordan Peterson Rules for Life
⏲ 12 minutes 10 seconds 👁 50.7K
RVHBarrieON
⏲ 1 minute 6 seconds 👁 86
A mum who experienced burnout after striving to be the \
⏲ 3:18 👁 8.4M
Matthew Hussey
⏲ 7 minutes 15 seconds 👁 187.7K
BRAINY DOSE
⏲ 7 minutes 47 seconds 👁 5.7K
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.
⏲ 1:29 👁 2.3M
Harvard Business School
⏲ 1 hour 8 minutes 47 seconds 👁 73K
Breakthrough Mindsets
⏲ 6 minutes 22 seconds 👁 811
How to Effectively Read, Food Labels.<br/>These tips offer helpful strategies for getting more mindful about what you eat on the daily.<br/>1, Understand why the <br/>food labels are there.<br/>Nutrition labels became mandatory in 1992 to give consumers the bare facts about their food purchases.<br/>2, Here are some recent <br/>changes to the food labels. .<br/>As our understanding of nutrition develops, <br/>so too has the nutrition label. The number of calories <br/>is currently front and center of food labels.<br/>3, Here's what to look for.<br/>The number of calories, serving size, nutrients and percent daily value are all helpful guides to help you decide what you buy and how much of it you'll eat.<br/>3, Here's what those things mean.<br/>The nutrients include the fat, protein, <br/>carb and sodium content. The percent daily value <br/>is how much of these are recommended daily.<br/>5, Keep these targets in mind.<br/>The daily recommended maximum <br/>for saturated fat is 20 grams, .<br/>sodium is 2,300 mg, .<br/>added sugar is between <br/>25 and 36 grams ...<br/>... and trans fat is zero grams.<br/>6, Remember these final tips.<br/>The total fat count isn't as important <br/>as the types of fat listed, .<br/>not all carbs are the same <br/>so pay attention to the added sugar ...<br/>... and cholesterol continues <br/>to be controversial
⏲ 1:30 👁 13.9M
Under the spotlights of the 2022 Paris Motor Show, Alpine presented its Alpenglow concept, a veritable manifesto of the brand's future directions in design and sustainable innovation, the \
⏲ 2:33 👁 1.5M
After feeling that their pay does not reflect the dangerous work they have to do, G4S security staff have staged mass walk-outs across the country and claim since Allied Universal took the company over in 2021, they have hit a wall with negotiating a wage higher than the minimum required by law.
⏲ 0:22 👁 3.8M
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