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IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 👁 10K
Grantor Trust and Non-Grantor Trust Tax Related Differences
⏲ 3 minutes 24 seconds 👁 326
What is a Non Grantor Trust
⏲ 6 minutes 31 seconds 👁 279
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 👁 5K
Difference Between a Revocable vs Irrevocable Trust
⏲ 11 minutes 39 seconds 👁 85.3K
Grantor vs Trustee
⏲ 3 minutes 42 seconds 👁 2.1K
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 ✓ 31-Mar-2024
What Happens to an Irrevocable Trust When the Grantor Dies? | RMO Lawyers
⏲ 5 minutes 9 seconds 👁 5K
What happens when put your home into an Irrevocable Trust? - Podcast Episode 28
⏲ 4 minutes 25 seconds 👁 27K
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 ✓ 29-Mar-2024
DON'T Use an Irrevocable Trust Without These 4 Things
⏲ 11 minutes 51 seconds 👁 69.6K
Income Tax Reporting Requirements for Grantor Trusts
⏲ 8 minutes 41 seconds 👁 9.9K
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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.")
_grantor-trust-and-non-grantor-trust-tax-related-differences.webp "Carolina Family Estate Planning")
_what-is-a-non-grantor-trust.webp "Kelly Longtin Law")
_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.")
_difference-between-a-revocable-vs-irrevocable-trust.webp "America's Estate Planning Lawyers")
_grantor-vs-trustee.webp "LegaLees")
_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.")
_what-happens-to-an-irrevocable-trust-when-the-grantor-dies-124-rmo-lawyers.webp "RMO Lawyers")
_what-happens-when-put-your-home-into-an-irrevocable-trust-podcast-episode-28.webp "Legacy Law Group, Ltd.")
_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.")
_don39t-use-an-irrevocable-trust-without-these-4-things.webp "The Business Guy")
_income-tax-reporting-requirements-for-grantor-trusts.webp "America's Estate Planning Lawyers")
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