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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 👁 920K

KEXP

Hop Along - Prior Things (Live on KEXP)

⏲ 6 minutes 58 seconds 👁 12.4K

Big Brother Brasil

PRIOR JOGA FOTO DE VICTOR HUGO NA PLANTA E CRIA O MAIOR CLIMÃO 👀🔥 | BIG BROTHER BRASIL 20

⏲ 3 minutes 10 seconds 👁 167.2K

Iconic US Alt-Rock Producer , Steve Albini , Dies at 61.<br/>'The Guardian' reports that music industry <br/>icon Steve Albini has died after suffering <br/>from a heart attack at his recording studio. .<br/>'The Guardian' reports that music industry <br/>icon Steve Albini has died after suffering <br/>from a heart attack at his recording studio. .<br/>The vocalist, guitarist and producer, who helmed <br/>some of the most esteemed albums from the <br/>alternative music scene, was 61 years old. .<br/>The vocalist, guitarist and producer, who helmed <br/>some of the most esteemed albums from the <br/>alternative music scene, was 61 years old. .<br/>Albini was the producer on albums <br/>by Nirvana, the Pixies and PJ Harvey. .<br/>Over the course of his career, Albini became <br/>known for his punk ethos, refusing to take royalties <br/>and resisting the rise of streaming services. .<br/>Over the course of his career, Albini became <br/>known for his punk ethos, refusing to take royalties <br/>and resisting the rise of streaming services. .<br/>He also fronted the bands Big Black, Rapeman <br/>and Shellac, who was getting ready to release <br/>their first album since 2014 next week.<br/>He also fronted the bands Big Black, Rapeman <br/>and Shellac, who was getting ready to release <br/>their first album since 2014 next week.<br/>Shellac formed in 1992 and had <br/>released a total of five albums prior <br/>to the upcoming release of 'To All Trains.'.<br/>Shellac formed in 1992 and had <br/>released a total of five albums prior <br/>to the upcoming release of 'To All Trains.'.<br/>Among his producer credits are the Pixies' <br/>1988 debut 'Surfer Rosa' and Nirvana's 'In Utero.'.<br/>Among his producer credits are the Pixies' <br/>1988 debut 'Surfer Rosa' and Nirvana's 'In Utero.'.<br/>He produced albums with <br/>PJ Harvey, Joanna Newsom, Low, <br/>Jon Spencer Blues Explosions<br/>and many other artists. .<br/>He produced albums with <br/>PJ Harvey, Joanna Newsom, Low, <br/>Jon Spencer Blues Explosions<br/>and many other artists. .<br/>He also worked with a large <br/>number of British artists, <br/>like Manic Street Preachers, <br/>Mogwai and Jarvis Cocker.<br/>He also worked with a large <br/>number of British artists, <br/>like Manic Street Preachers, <br/>Mogwai and Jarvis Cocker.<br/>'The Guardian' notes that Albini was adored <br/>as a producer for honoring the intentions of each <br/>artist he worked with and for his unpretentious style.<br/>'The Guardian' notes that Albini was adored <br/>as a producer for honoring the intentions of each <br/>artist he worked with and for his unpretentious style

Iconic US Alt-Rock Producer Steve Albini Dies at 61

⏲ 1:31 👁 6.4M

Fox News

Speaker Johnson: I am disgusted by what is happening here

⏲ 6 minutes 11 seconds 👁 11.7K

Forbes Breaking News

BREAKING NEWS: Speaker Johnson Blasts 'Sham' Trump Hush Money Trial At Press Briefing In NYC

⏲ 6 minutes 29 seconds 👁 13K

The Defence Ministry (Mindef) will wait for the Court of Appeal's decision on streamlining the pension for retired armed forces personnel who retired prior to 2013.<br/><br/>Defence Minister Datuk Seri Mohamed Khaled Nordin on Sunday (May 12) said that this issue extends beyond retired armed forces personnel and would also affect former judges and retired civil servants. <br/><br/>Read more at https://tinyurl.com/3jed3y3 <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

Court of Appeal to decide on army pensions, says Defence Minister

⏲ 4:48 👁 7.7M

annaprior

Anna Prior - Up2U (Official Music Video)

⏲ 3 minutes 49 seconds 👁 8.1K

SolidSol

THE BEST CARRY HEROES IN FOR HONOR YEAR 8 - FOR HONOR TIERLIST

⏲ 1 hour 45 minutes 12 seconds 👁 68K

Aired (May 13, 2024): Jordan (Rayver Cruz) visits their house to help in planning Tori’s (Kzhoebe Nicole Baker) upcoming birthday celebration. However, Cristy (Jasmine Curtis-Smith) seems uncomfortable being with her husband due to their prior misunderstanding. #GMANetwork #GMADrama #Kapuso

Asawa Ng Asawa Ko: Jordan visits their house! (Full Episode 68 - Part 1\ 3)

⏲ 9:15 👁 550K

Big Brother Brasil

PYONG LEE X FELIPE PRIOR: RIVALIDADE E MUITA ESTRATÉGIA DE JOGO 💣 | BIG BROTHER BRASIL 20

⏲ 8 minutes 44 seconds 👁 335.7K

TheGamingBeaver

The Chicken Nugget Experience - Roblox

⏲ 11 minutes 28 seconds 👁 118.6K

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