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Armand Curet

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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.
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Volkswagen's smallest SUV has been updated both inside and out with all these changes.<br/><br/>Volkswagen is aware of the importance of the SUV segment in our country and especially the growth in the urban SUV segment, whose sales have increased sixfold in the last 10 years. Enter the Volkswagen T-Cross, specially produced in Navarra for all of Europe and updated to be in line with its other siblings. Now the little boy of the family has become more attractive, improved the interior quality and continues to offer ample storage space while combining high-end technologies.<br/><br/>The update makes the German model even more attractive, and we say this not because of its new colors and fun names, but because of the presence of a lighting system with IQ technology. . In this way, the T-Cross will become much more recognizable at night. It can now also reflect light from the rearview mirrors, and the renewed front bumper features new daytime running lights. At the rear, the most notable change is the presence of an illuminated line on the trunk lid, combining the new lights with the X-shaped 3D design.<br/><br/>From inside to outside, the brand has committed to a new design for the instrument panel, which includes an 8-inch central touchscreen (9.2 inches in the R-Line), redesigned air vents and a climate control panel that becomes tactile.<br/><br/>In terms of livability, the T-Cross remains one of the standouts in its segment, as it can fit two adults in the rear seats without any problems, while allowing us plenty of travel in the front seats.<br/><br/>On the other hand, Volkswagen has increased the maximum vertical load capacity of the car from 55 kilos to 75 kilos, and users will now be able to carry bicycles and other objects using the removable trailer hook. The German brand also allows the small SUV to have parking assist, blind spot detector, rear view camera and Travel Assist, Front Assist and Lane Assist systems.<br/><br/>The updated urban SUV, which is on the same platform as Volkswagen Polo, does not bring any changes in its mechanical equipment. As such, DGT's coveted ECO label will continue to persevere on the small SUV, as there are three options available, all petrol and without any electrification. The entry-level engine consists of a three-cylinder block with a displacement of 1.0 liters, delivering 95 horsepower and a maximum torque of 175 Nm, and is connected only to a five-speed manual transmission.<br/><br/>The next step is again 1.0 TSI, but this time it produces 115 HP and 200 Nm and can be paired with a six-speed manual transmission or a seven-speed DSG transmission. The most performing alternative in the range comes from the well-known 1.5 TSI engine with ACT Plus active cylinder management. We are talking about a four-cylinder block that develops 150 HP of power and a maximum torque of 250 Nm, paired with the aforementioned DSG automatic transmission. <br/><br/>Source: https://www.caranddriver.com/es/coches/novedades/a60025248/volkswagen-t-cross-2024/
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