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_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.jpg "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 👁 1.9M
_fabric-and-craft-retailer-joann-files-for-bankruptcy.jpg "Fabric and Craft Retailer Joann , Files for Bankruptcy.<br/>The 81-year-old company made the announcement on March 18, CNN reports. .<br/>The retailer has also secured $132 million <br/>in new funding to cut its debt in half.<br/>Joann's 850 stores and website <br/>will remain operational. .<br/>This agreement is a significant <br/>step forward in addressing <br/>Joann’s capital structure needs, , Scott Sekella, Joann's chief financial officer, via statement .<br/>... and it will provide us with the <br/>financial resources and flexibility <br/>necessary to continue to deliver <br/>best-in-class product assortments..., Scott Sekella, Joann's chief financial officer, via statement .<br/>... and enhance the customer <br/>experience wherever they <br/>are shopping with us, Scott Sekella, Joann's chief financial officer, via statement .<br/>The Nasdaq has delisted Joann's stock. .<br/>The company will become privately owned after the bankruptcy process.<br/>The bankruptcy of Joann has been <br/>looming for a long time and was always <br/>a matter of when, rather than if, Neil Saunders, managing director and <br/>retail analyst for GlobalData, via note.<br/>The bankruptcy process will now <br/>allow the arts and crafts chain <br/>to receive an infusion of cash at <br/>the same time as streamlining its <br/>operations and reducing debt levels, Neil Saunders, managing director and <br/>retail analyst for GlobalData, via note")
⏲ 1:30 👁 39.4M
_tour-a-newly-renovated-369-5m-grand-cayman-luxury-beach-house-124-real-estate-124-forbes.jpg "Grand Cayman is a resort mecca with white sand beaches, scuba diving, snorkeling and deep-sea fishing. The largest of the Cayman Islands, it boasts fine dining, a stress-free environment and picture-perfect weather. A draw for real estate investors and expats: the entire British Overseas Territory is a tax haven with no property, income, capital gains or payroll taxes.<br/><br/>An estate home now on the market at US $9.5 million is a standout example of the luxury residences near Grand Cayman’s sought-after Seven Mile Beach area with its stunning swath of coral sand. The canal-front home is located in the ultra-exclusive community of Vista del Mar within the larger Cayman Islands Yacht Club community. Set on a half-acre of lush grounds, the tile-roofed residence was recently rebuilt and renovated with contemporary interiors. Views take in the canal and Bird Island, a protected nature reserve.<br/><br/>Read the full story on Forbes:<br/>https://www.forbes.com/sites/forbes-global-properties/2023/03/31/95-million-canal-estate-affords-a-quick-getaway-on-grand-cayman<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
⏲ 2:31 👁 3.7M
_how-llcs-and-partnerships-can-help-keep-property39s-in-the-family.jpg "Passing a farm, vacation home or other property down for generation after generation has its challenges. LLCs and partnerships can help.")
⏲ 3:49 👁 1000K
_sadiq-khan-launches-re-election-campaign.jpg "Sadiq Khan has launched his re-election campaign for a third term as Mayor of London. Mr Khan promised to address the housing crisis in the capital, vowing to double his council homes target to 40,000. \")
⏲ 0:43 👁 3.4M
_safety-in-the-capital-city.jpg "For visitors, workers and residents alike, there is a low sense of safety in the capital city as they all called on authorities to do more to restore security in the island's most visited place on a daily basis.")
⏲ 5:10 👁 55.9M
_london-is-my-home-im-going-to-be-forced-out-how-are-young-people-coping-with-the-cost-of-living-in-london.jpg "We spoke to students about what life is like as a student in London, how difficult it is to pay rent, and whether they think it will be possible to buy in the capital.")
⏲ 3:5 👁 17.6M
_boeing-expected-to-burn-over-364-billion-in-cash-in-q1-due-to-lower-737-deliveries-shared-drop-3.jpg "Boeing will burn more cash in the first quarter than previously expected, between $4 and 4.5 billion, due to lower deliveries and production cuts. To improve manufacturing quality, the company will limit 737 production to less than 38 planes per month, the FAA's maximum. Reduced shipments, scaled-back manufacturing, and stress on working capital contribute to a higher anticipated cash outflow for the quarter. Shares dropped 3% pre-market on the news.")
⏲ 0:31 👁 420K
_andreessen-horowitz-saudi-pif-a-i-funding-partnership.jpg "The sovereign wealth fund in Saudi Arabia is in talks with Andreessen Horowitz, a venture capital firm here in the US to create a $40 billion fund to invest in artificial intelligence.The move has reportedly been in the works for months with people familiar with the matter saying talks are not yet finalized.")
⏲ 0:46 👁 905K
_white-water-rafting-sa-cagayan-river-124-24-oras.jpg "Just in time sa declaration ng PAGASA ang summer adventure natin tonight. Dumayo tayo sa River Rafting Capital of the Philippines -- ang Cagayan de Oro! Tara, let's change the game and try white water rafting!<br/><br/><br/>24 Oras is GMA Network’s flagship newscast, anchored by Mel Tiangco, Vicky Morales and Emil Sumangil. It airs on GMA-7 Mondays to Fridays at 6:30 PM (PHL Time) and on weekends at 5:30 PM. For more videos from 24 Oras, visit http://www.gmanews.tv/24oras.<br/><br/>#GMAIntegratedNews #KapusoStream<br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA Integrated News Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/>TikTok: https://www.tiktok.com/@gmanews<br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe")
⏲ 3:43 👁 90K
_kim-jong-un39s-north-korea-fires-missiles-amid-blinken39s-seoul-visit-japan-says-39absolutely-unacceptable39.jpg "North Korea has fired ballistic missiles into the sea, marking the first such launch in two months. The incident coincides with a visit by U.S. Secretary of State Antony Blinken to Seoul for a democracy conference.<br/><br/>What Happened: The missiles were fired on Monday from a region south of Pyongyang, the North Korean capital, and landed east of the Korean peninsula, reported Reuters. South Korea’s military confirmed the launch and is sharing information with the U.S. and Japan.")
⏲ 1:0 👁 370K
_wales-relaxed-and-prepared-for-euro-2024-play-off-semi.jpg "The countdown is on for the semi finals of the Euro twenty twenty four play offs when Wales will take on Finland in Cardiff. Welsh manager Rob Page has said his team are confident and relaxed, but know the threat Finland can bring. We hear from the man in charge about preparations for another massive game for Wales in the capital.<br/>")
⏲ 2:0 👁 175K
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_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "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.")
_fabric-and-craft-retailer-joann-files-for-bankruptcy.webp "Fabric and Craft Retailer Joann , Files for Bankruptcy.<br/>The 81-year-old company made the announcement on March 18, CNN reports. .<br/>The retailer has also secured $132 million <br/>in new funding to cut its debt in half.<br/>Joann's 850 stores and website <br/>will remain operational. .<br/>This agreement is a significant <br/>step forward in addressing <br/>Joann’s capital structure needs, , Scott Sekella, Joann's chief financial officer, via statement .<br/>... and it will provide us with the <br/>financial resources and flexibility <br/>necessary to continue to deliver <br/>best-in-class product assortments..., Scott Sekella, Joann's chief financial officer, via statement .<br/>... and enhance the customer <br/>experience wherever they <br/>are shopping with us, Scott Sekella, Joann's chief financial officer, via statement .<br/>The Nasdaq has delisted Joann's stock. .<br/>The company will become privately owned after the bankruptcy process.<br/>The bankruptcy of Joann has been <br/>looming for a long time and was always <br/>a matter of when, rather than if, Neil Saunders, managing director and <br/>retail analyst for GlobalData, via note.<br/>The bankruptcy process will now <br/>allow the arts and crafts chain <br/>to receive an infusion of cash at <br/>the same time as streamlining its <br/>operations and reducing debt levels, Neil Saunders, managing director and <br/>retail analyst for GlobalData, via note")
_tour-a-newly-renovated-369-5m-grand-cayman-luxury-beach-house-124-real-estate-124-forbes.webp "Grand Cayman is a resort mecca with white sand beaches, scuba diving, snorkeling and deep-sea fishing. The largest of the Cayman Islands, it boasts fine dining, a stress-free environment and picture-perfect weather. A draw for real estate investors and expats: the entire British Overseas Territory is a tax haven with no property, income, capital gains or payroll taxes.<br/><br/>An estate home now on the market at US $9.5 million is a standout example of the luxury residences near Grand Cayman’s sought-after Seven Mile Beach area with its stunning swath of coral sand. The canal-front home is located in the ultra-exclusive community of Vista del Mar within the larger Cayman Islands Yacht Club community. Set on a half-acre of lush grounds, the tile-roofed residence was recently rebuilt and renovated with contemporary interiors. Views take in the canal and Bird Island, a protected nature reserve.<br/><br/>Read the full story on Forbes:<br/>https://www.forbes.com/sites/forbes-global-properties/2023/03/31/95-million-canal-estate-affords-a-quick-getaway-on-grand-cayman<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_how-llcs-and-partnerships-can-help-keep-property39s-in-the-family.webp "Passing a farm, vacation home or other property down for generation after generation has its challenges. LLCs and partnerships can help.")
_sadiq-khan-launches-re-election-campaign.webp "Sadiq Khan has launched his re-election campaign for a third term as Mayor of London. Mr Khan promised to address the housing crisis in the capital, vowing to double his council homes target to 40,000. \")
_safety-in-the-capital-city.webp "For visitors, workers and residents alike, there is a low sense of safety in the capital city as they all called on authorities to do more to restore security in the island's most visited place on a daily basis.")
_london-is-my-home-im-going-to-be-forced-out-how-are-young-people-coping-with-the-cost-of-living-in-london.webp "We spoke to students about what life is like as a student in London, how difficult it is to pay rent, and whether they think it will be possible to buy in the capital.")
_boeing-expected-to-burn-over-364-billion-in-cash-in-q1-due-to-lower-737-deliveries-shared-drop-3.webp "Boeing will burn more cash in the first quarter than previously expected, between $4 and 4.5 billion, due to lower deliveries and production cuts. To improve manufacturing quality, the company will limit 737 production to less than 38 planes per month, the FAA's maximum. Reduced shipments, scaled-back manufacturing, and stress on working capital contribute to a higher anticipated cash outflow for the quarter. Shares dropped 3% pre-market on the news.")
_andreessen-horowitz-saudi-pif-a-i-funding-partnership.webp "The sovereign wealth fund in Saudi Arabia is in talks with Andreessen Horowitz, a venture capital firm here in the US to create a $40 billion fund to invest in artificial intelligence.The move has reportedly been in the works for months with people familiar with the matter saying talks are not yet finalized.")
_white-water-rafting-sa-cagayan-river-124-24-oras.webp "Just in time sa declaration ng PAGASA ang summer adventure natin tonight. Dumayo tayo sa River Rafting Capital of the Philippines -- ang Cagayan de Oro! Tara, let's change the game and try white water rafting!<br/><br/><br/>24 Oras is GMA Network’s flagship newscast, anchored by Mel Tiangco, Vicky Morales and Emil Sumangil. It airs on GMA-7 Mondays to Fridays at 6:30 PM (PHL Time) and on weekends at 5:30 PM. For more videos from 24 Oras, visit http://www.gmanews.tv/24oras.<br/><br/>#GMAIntegratedNews #KapusoStream<br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA Integrated News Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/>TikTok: https://www.tiktok.com/@gmanews<br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe")
_kim-jong-un39s-north-korea-fires-missiles-amid-blinken39s-seoul-visit-japan-says-39absolutely-unacceptable39.webp "North Korea has fired ballistic missiles into the sea, marking the first such launch in two months. The incident coincides with a visit by U.S. Secretary of State Antony Blinken to Seoul for a democracy conference.<br/><br/>What Happened: The missiles were fired on Monday from a region south of Pyongyang, the North Korean capital, and landed east of the Korean peninsula, reported Reuters. South Korea’s military confirmed the launch and is sharing information with the U.S. and Japan.")
_wales-relaxed-and-prepared-for-euro-2024-play-off-semi.webp "The countdown is on for the semi finals of the Euro twenty twenty four play offs when Wales will take on Finland in Cardiff. Welsh manager Rob Page has said his team are confident and relaxed, but know the threat Finland can bring. We hear from the man in charge about preparations for another massive game for Wales in the capital.<br/>")
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