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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 👁 2.2M
Yj Music
⏲ 2 minutes 5 seconds 👁 6.5K
Klaseo Indotama
⏲ 1 minute 46 seconds 👁 2.7K
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 👁 4.2M
UNSW Business School
⏲ 1 minute 3 seconds 👁 2.9K
Kids TV - Nursery Rhymes And Baby Songs
⏲ 1 hour 11 seconds 👁 1.4M
Aid group Le Revers de la Medaille said the operation was part of a campaign to move migrants from the streets of the French capital in the lead up to the Olympic Games in July, and to ''make room for the beautiful Paris postcard''. It said the asylum seekers have nowhere else to go.
⏲ 1:14 👁 13.5M
Fortune Kids School
⏲ 6 minutes 3 seconds 👁 7.5K
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 👁 9.6M
Get ready to dive into the pulse-pounding installment of CBS' riveting crime drama, The Equalizer. In Season 4 Episode 8, crafted by the brilliant minds of Andrew W. Marlowe and Terri Edda Miller, viewers are in for a thrilling ride. Led by the incomparable Queen Latifah, the stellar cast, including Liza Lapira, Tory Kittles and more, delivers performances that will keep you on the edge of your seat. Don't miss out on the action and intrigue as The Equalizer tackles yet another captivating case. Stream Season 4 now on Paramount+ for an adrenaline-fueled experience you won't forget!<br/><br/>The Equalizer Cast:<br/><br/>Queen Latifah, Liza Lapira, Laya DeLeon Hayes, Adam Goldberg, Lorraine Toussaint and Tory Kittles<br/><br/>Stream The Equalizer Season 4 now on Paramount+!
⏲ 1:7 👁 1.4M
NVIDIA is set to release its first-quarter earnings, and the company is already making waves in the AI sector. The tech giant’s AI infrastructure is in high demand, as evidenced by the increased capital expenditures of its major clients.
⏲ 1:14 👁 245K
Chelsea Mandel and her firm Ascension Advisory are on a mission to help small business buyers borrow a $17 billion a year tactic from private equity’s playbook known as sales leasebacks. But finding the right deal is nearly impossible.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/brandonkochkodin/2024/04/22/how-to-buy-a-small-business-with-no-money-down/?sh=30bace386bc8<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.
⏲ 5:14 👁 2.8M
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