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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 👁 3.8M
Congress made a bold move by relinquishing Amethi Seat entirely. Rahul Gandhi, expected to reclaim Amethi, will now contest from Raebareli, Sonia Gandhi's former seat. Kishori Lal Sharma will represent Congress in Amethi. Priyanka Gandhi Vadra's refusal to contest Raebareli adds complexity, possibly impacting Congress's electoral strategy. <br/> <br/> <br/>#RahulGandhi #SoniaGandhi #PriyankaGandhi #RaeBareli #Amethi #Wayanad #CongressParty #Congressnews #RahulGandhiNews #Politics #Oneindia #Oneindianews <br/>~PR.320~ED.102~GR.122~HT.318~
Rahul Gandhi Set to File Nomination in Raebareli Today, Priyanka Gandhi Skips Election Bid| Oneindia
⏲ 3:2 👁 9.1M
Lakers avoid 1st-round elimination with a 119-108 win over champion Denver<br/><br/>The Los Angeles Lakers finally cracked the Denver Nuggets' mastery of this rivalry and extended their playoff lives for at least another game.<br/><br/>LeBron James led the way. James scored 30 points, Anthony Davis added 25 points and 23 rebounds, and the Lakers avoided postseason elimination with a 119-108 victory over Denver in Game 4 of their first-round series Saturday night.<br/><br/>This is Lakers’ first win over the Nuggets since December 2022. <br/><br/>Photos by AP<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br/>Visit our website at https://www.manilatimes.net <br/> <br/>Follow us: <br/>Facebook - https://tmt.ph/facebook <br/>Instagram - https://tmt.ph/instagram <br/>Twitter - https://tmt.ph/twitter <br/>DailyMotion - https://tmt.ph/dailymotion <br/> <br/>Subscribe to our Digital Edition - https://tmt.ph/digital <br/> <br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify <br/>Apple Podcasts - https://tmt.ph/applepodcasts <br/>Amazon Music - https://tmt.ph/amazonmusic <br/>Deezer: https://tmt.ph/deezer <br/>Tune In: https://tmt.ph/tunein<br/> <br/>#themanilatimes<br/>#worldnews <br/>#nba<br/>#basketball
Lakers avoid 1st-round elimination with a 119-108 win over champion Denver
⏲ 0:39 👁 10.1M
Executives from McDonald's, 3M, and other large companies warned that consumers feel the pinch of higher prices. McDonald's CEO said consumers are more discriminating with spending due to elevated day-to-day costs. 3M saw \
McDonald's, 3M Executives Sound the Alarm: Consumers Feel the Pinch of Higher Prices
⏲ 0:37 👁 35.7M
These first pictures reveal the remote farm where a suspected burglar was shot dead and a second injured during an alleged break-in.<br/><br/>The drone shots show two police vans and four other unmarked vehicles parked beside the two-story Mosley Hall Farm, in the Peak District today (Thurs).<br/><br/>And dozens of forensic investigators were also spotted working at the isolated address, which is set amongst rolling fields near Whaley Bridge, Derbys.<br/><br/>Today (Thurs) nobody was answering calls to the farm, which is believed to house a dairy cow milking operation and also have a flock of sheep.<br/><br/>The images come after police arrested a man in his 50s on suspicion of murder and attempted murder following a disturbance at the property on Wednesday (May 1).<br/><br/>They had been called out to the farm, just off Eccles Road, at around at 1.20am where they found a man with fatal gunshot wounds at the scene who later died.<br/><br/>He has been named locally as Marcus Smith, 19, a former pupil from nearby Chapel-en-le-Frith High School. <br/><br/>Police have confirmed the deceased is not the owner of the property. <br/><br/>A second man, in his teens, who was found with a gunshot wound in the same road, was rushed to hospital and since arrested on suspicion of aggravated burglary.<br/><br/>A third male suspect, in his 20s, was arrested around two miles away by armed cops who swooped on a car on the A6 in nearby Chapel-en-le-Frith.<br/><br/>Footage on social media appeared to show armed officers pulling over a white BMW car near a set of traffic lights.<br/><br/>Police also confirmed that they had received reports of a burglary at the property on Tuesday (April 30) at around 3.30pm, where officers attended. <br/><br/>And at this stage, they are keeping an open mind as to whether the two incidents are linked.<br/><br/>A police cordon remains in place at two houses in Eccles Road and police say they will stay there for some time while investigations continue.<br/><br/>While they added that Eccles Road is currently closed from the junction with Milton Lane and is expected to remain shut for some time to come.<br/><br/>Chief Superintendent Dave Kirby, of Derbyshire Police, said: “I’d like to thank the local community for all their support during this investigation so far.<br/><br/>“We appreciate the impact that an incident like this can have on communities so we are grateful to all those who have helped during these early stages.<br/><br/>“Officers will remain at the scene today and for some time to come as the investigations continue.<br/><br/>“If anyone does have any information, we’d ask them to please contact us.\
First pictures show farm at the centre of deadly shoot-out that left man dead
⏲ 0:57 👁 220K
Take a look at a six month exposure pinhole photo of Ellesmere over St Marys Church and see how it tracks the rise and fall of the sun.
A six month exposure photo in Ellesmere.
⏲ 1:48 👁 3.7M
Further disruptions could take place from May 6 to 11 due to industrial action short of a strike, which could cause some short-notice alterations and cancellations, especially at weekends and late at night. But how will the industrial action impact Bristol?
How will industrial action impact Bristol’s public transport?
⏲ 1:0 👁 2.2M
Daichi Fujii from the Hiratsuka City Museum in Japan captured a meteor impact the moon with multiple telescopes. <br/><br/>Credit: Daichi Fujii (Hiratsuka City Museum) | edited by Space.com's Steve Spaleta<br/>Music: Shifting Angles by Experia / courtesy of Epidemic Sound
Space Rock Slammed Into Moon - The Explosion Was Seen From Japan
⏲ 1:3 👁 1.5M
Abbi's quest to hop on a viral TikTok trend flopped when her knee said, 'It doesn't work for me.' <br/><br/>The TikTok challenge in question is the 'Battle Trend,' featuring friends, siblings, or a couple standing across from each other and doing animated motions akin to players in a fighting game. <br/><br/>\
Woman's knee KNOCKED OUT COLD right after the opening bell during viral 'Battle Trend'
⏲ 0:16 👁 410K
The Federal Reserve maintained its benchmark interest rate unchanged, leading to a 4% drop in Bitcoin and over 1% in Ethereum following the announcement. Fed Chair Jerome Powell said it was \
Bitcoin and Ethereum Dip as Federal Reserve Keeps Interest Rates Unchanged
⏲ 0:41 👁 585K
Conservative candidate Susan Hall arrived at her local polling station in Hatch End, North West London. Hall was accompanied by her daughter Louise Staite. Current Mayor of London and Labour party candidate Sadiq Khan and his wife Saadiya Khan casted their votes. They voted at their local polling station at St Alban's Church, south London bringing along their dog with them.
London mayoral candidates and politicians vote in local elections
⏲ 1:5 👁 475K
“Top Gun: Maverick” stars Miles Teller (Rooster), Jon Hamm (Cyclone), Jennifer Connelly (Penny Benjamin), Jay Ellis (Payback), Monica Barbaro (Phoenix), Glen Powell (Hangman), Greg Tarzan Davis Coyote), Danny Ramirez (Fanboy), Lewis Pullman (Bob), Charles Parnell (Warlock), Bashir Salahuddin (Coleman), plus producer Jerry Bruckheimer and director Joseph Kosinski discuss their highly anticipated “Top Gun” sequel in this interview with CinemaBlend’s Sean O’Connell. Find out how Tom Cruise surprised Jennifer Connelly with a flight, how the cast supported each other during the movie’s delay and more.
'Top Gun: Maverick' Interviews With Miles Teller, Jennifer Connelly, Jay Ellis
⏲ 19:4 👁 1.2M
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