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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 ✓ 28-Mar-2024
Wang is on trial for murdering the man who raped his wife and a boys future is jeopardised when he injures the school bully while protecting a friend.
⏲ 1:36 ✓ 27-Mar-2024
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 ✓ 26-Mar-2024
Artist : Billlie(빌리) <br/>Title : RING ma Bell <br/>Release : 2022.08.31
⏲ 0:46 ✓ 26-Mar-2024
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 ✓ 25-Mar-2024
Taiwan's former President Ma Ying-jeou is set to make another visit to China, this time including a visit to Beijing.
⏲ 0:43 ✓ 25-Mar-2024
11 SIGNS That You SHOULD END EVERY CONTACT even it is your family or a friend! from contact medicaid ma
⏲ 30:49 ✓ 25-Mar-2024
Explore inspiring speeches delivered by renowned individuals in the English language, offering valuable insights and perspectives.
⏲ 0:16 ✓ 23-Mar-2024
Engage with English speeches featuring prominently displayed subtitles, facilitating easy reading and understanding.
⏲ 0:27 ✓ 23-Mar-2024
Dive into captivating English speeches with subtitles, perfect for learning and practice. <br/><br/>Explore motivational talks by renowned figures today!
⏲ 0:33 ✓ 23-Mar-2024
7-year-old piano prodigy Avett Maness performs \
⏲ 2:11 ✓ 23-Mar-2024
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