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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 👁 525K

VA Disability Group PLLC

10 Common C&P Exam Questions Answered

⏲ 17 minutes 8 seconds 👁 376

KKCO 11 News

VA approves over 20k in healthcare claims under PACT Act

⏲ 1 minute 4 seconds

On Tuesday, Gov. Glenn Youngkin (R-VA) delivered remarks at a signing event for a bill related to the foster care system and kinship care. <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/><br/>Stay Connected<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

Gov. Glenn Youngkin Signs Bill Amending Virginia Kinship Care

⏲ 51:39 👁 1.5M

VA Disability Group PLLC

C&P Exams: Mental Health and Anxiety Disorder

⏲ 17 minutes 10 seconds 👁 308

TheCivDiv

Common Mistakes Veterans Make At C&P Exams VA Disability Claims

⏲ 2 minutes 48 seconds 👁 40.6K

Ghum Hai Kisi Ke Pyar Mein - Today Full Episode Promo - 19 May 2024

Ghum Hai Kisi Ke Pyar Mein - Today Full Episode Promo - 20 May 2024

⏲ 1:18 👁 5.7M

Prestige Veteran Medical Consulting

What to Expect in a Hip Pain C&P Exam | VA Disability

⏲ 13 minutes 5 seconds 👁 6.1K

Covenant of Courage

Mastering the VA Claims Process: Insider Tips

⏲ 2 minutes 10 seconds 👁 1

Gov. Glenn Youngkin (R-VA) speaks to high schoolers about opioid usage and drug abuse prevention methods.<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/><br/>Stay Connected<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

Virginia Governor Glenn Youngkin Delivers Remarks On Opioid Crisis And Drug Abuse Prevention

⏲ 26:5 👁 175K

Combat Craig

The Truth About The VA Caregiver Program - Miserable Failure

⏲ 7 minutes 22 seconds 👁 18.1K

VA Claims Academy

DON’T Do The VA C&P Exam Without Knowing THIS!

⏲ 3 minutes 32 seconds 👁 7.5K

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