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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.

IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed

⏲ 1:29 👁 8.2M

One Minute Economics

The Return On Investment (ROI) in One Minute: Definition, Explanation, Examples, Formula Calculation

⏲ 1 minute 20 seconds 👁 72.7K

Safeguard Wealth Management

What is the ROI of Social Security? (Surprising Analysis)

⏲ 11 minutes 11 seconds 👁 35K

Thirty percent of Americans admit to buying healthy foods just because they’re trendy, according to new research.<br/><br/>A survey of 2,000 adults looked at their food purchasing practices and found that 65% rate their grocery shopping habits as at least somewhat healthy.<br/><br/>When stacked up against other priorities, however, healthiness (18%) came fourth, surpassed by cost (64%), quality (36%) and personal and household preferences (19%).<br/><br/>Conducted by Talker Research for Zeal Creamery, the survey found that still, 82% opt for products that use “healthwashing” terms — labels intended to convey a product’s health benefits — like “multigrain” (33%), “sugar-free” (30%) and “organic” (27%).

Do Americans know how to eat healthy?

⏲ 0:50 👁 7.6M

Rutgers Accounting Web

Advantages and Limitations of ROI

⏲ 1 minute 7 seconds 👁 2.1K

The Lu0026D Academy

Measuring Learning Return on Investment (ROI)

⏲ 8 minutes 52 seconds 👁 5.6K

A protester could be seen being detained as she sought to make a splash just outside the carpet for the Met Gala, Monday (May 6).<br/><br/>Pro-Palestinian demonstrators attended a protest near the Met Gala, an annual fundraising gala held for the benefit of the Metropolitan Museum of Art's Costume Institute.<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

Protester nabbed outside Met Gala

⏲ 1:7 👁 2.7M

Justin Resells

Don't waste time OR money doing this

⏲ 23 minutes 26 seconds 👁 3.6K

Kris Krohn

Are Vacation Rentals A Terrible Idea

⏲ 9 minutes 27 seconds 👁 926

Papaya, or Carica papaya, is a tropical fruit that represents the third most cultivated tropical crop worldwide. Brazil and India are the largest papaya producers, though Mexico is the main exporter. Florida and Hawaii are the only states in the United States that grow it.

Health Benefits of Papaya

⏲ 0:31 👁 9.1M

Kevin Lum, CFP®

Watch This Before Roth Converting in 2024…trust me.

⏲ 14 minutes 50 seconds 👁 83.8K

Safeguard Wealth Management

Optimal IRA Balance You Should Have Going into RMD Years? (Explained)

⏲ 11 minutes 24 seconds 👁 22K

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