_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 dd values from textbox to datagridview 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: 2.1M times
✓ Published: 13-May-2024
👁 View: 2.1M times
✓ Published: 13-May-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
_scientists-discover-hidden-indicator-of-future-weight-changes.webp "Scientists Discover , Hidden Indicator of Future , Weight Changes.<br/>'Newsweek' reports that scientists <br/>may have found a way to predict weight <br/>gain or loss from the size of fat cells. .<br/>Researchers from Sweden's Karolinska Institutet <br/>measured the size and number of fat cells <br/>in the abdominal fat of 260 volunteers. .<br/>The team found that after an average <br/>of 15 years, those with larger fat cells tended <br/>to lose weight, while those with smaller fat <br/>cells were more prone to gaining weight.<br/>We can only speculate as to <br/>why the size of a person's fat cells <br/>seems to predict their future weight, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>Body weight decreases when energy <br/>expenditure exceeds intake and the <br/>body burns off fat to compensate. , Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>Our results suggest that the loss <br/>of large fat cells makes more <br/>of an impact on weight <br/>than the loss of small ones, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>Peter Arner, one of the lead researchers on the study, <br/>notes that smaller fat cells have also been found <br/>to be linked to a better metabolic profile. .<br/>This means that if someone with <br/>small fat cells does gain weight, <br/>it may not raise their risk of <br/>conditions such as type 2 diabetes <br/>and high blood pressure as much <br/>as if they had large fat cells, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>'Newsweek' reports that the team hope their <br/>findings will help develop more personalized weight <br/>management strategies for people in the future.<br/>It could be of great clinical <br/>value to have information <br/>about fat cell size before starting <br/>a weight-management program, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>If it is the case that those with <br/>large fat cells find it easier to <br/>lose weight, those with smaller <br/>cells could be given extra support, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'")
_excel-vba-userform-textbox-how-to-format-date.webp "InAnOffice")
_vb-net-how-to-convert-date-to-mm-dd-yyyy-when-retrieve-data-from-database-in-textbox.webp "Programming for Everybody")
⏲ 1 minute 33 seconds 👁 2.2K
_set-default-values-for-textbox-in-excel-vba.webp "Dr. Todd Grande")
_link-text-box-to-a-single-cell-or-multiple-cells-in-ms-excel-124-dynamic-textbox-formula-in-excel.webp "Chester Tugwell")
⏲ 4 minutes 31 seconds 👁 20.5K
_world39s-biggest-harry-potter-fan-says-record-collection-now-fills-entire-home.webp "Meet the Harry Potter superfan with the world's largest collection of wizarding memorabilia - which has taken over her home despite her husband 'not being a fan'. <br/><br/>Tracey Nicol-Lewis, 49, has well over 6,300 wizarding items - including wands, special edition books, LEGO sets and artwork - spread across every room in her house.<br/><br/>Her husband, Martin, 47, a security officer, claims it's not his thing - but supports his wife's passion.<br/><br/>Tracey first watched Harry Potter and the Philosopher's Stone in 2002 just after the birth of her son and fell in love with the characters straight away.<br/><br/>It wasn't long before she acquired her first Harry Potter collectible - a chocolate frog from her local corner shop.<br/><br/>She had 6,300 items in 2021 but since then her collection has significantly grown and taken over her house - including her bathroom, spare rooms and son's bedroom.<br/><br/>Tracey is gearing up to beat her previous world record - which she set in April 2021 - but hasn't counted them all officially yet. <br/><br/>Tracey, a housewife, from Bargoed, Wales, said: \")
_copy-value-from-one-textbox-to-another-textbox-using-javascript-and-html.webp "Math Education")
Related Video Searches
Back to Search
Search Videos
Recent Searches
×
(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!)
_scientists-discover-hidden-indicator-of-future-weight-changes.jpg)
_excel-vba-userform-textbox-how-to-format-date.jpg)
_vb-net-how-to-convert-date-to-mm-dd-yyyy-when-retrieve-data-from-database-in-textbox.jpg)
_set-default-values-for-textbox-in-excel-vba.jpg)
_link-text-box-to-a-single-cell-or-multiple-cells-in-ms-excel-124-dynamic-textbox-formula-in-excel.jpg)
_world39s-biggest-harry-potter-fan-says-record-collection-now-fills-entire-home.jpg)
_copy-value-from-one-textbox-to-another-textbox-using-javascript-and-html.jpg)
❮❯
1 / 9
2 / 9
Play 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!)
3 / 9
4 / 9
5 / 9
6 / 9
7 / 9
8 / 9
9 / 9
![[+]](/images/menu.gif){kind=small}