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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 👁 18M

Communication Coach Alexander Lyon

Your Mission, Vision, and Values (with Examples)

⏲ 10 minutes 57 seconds 👁 32.7K

Simon Sinek

3 Things that Make a MEANINGFUL Vision | Simon Sinek

⏲ 4 minutes 30 seconds 👁 223.5K

Independent Senator Jacqui Lambie has slammed the federal budget's $300 energy rebate and tax cuts announced by treasurer Jim Chalmers on Tuesday, May 14. Vision courtesy: ABC

'Gotta be joking me': Jacqui Lambie slams federal budget's cash splash

⏲ 0:53 👁 45.4M

5.1 Graph Traversals - BFS & DFS -Breadth First Search and Depth First Search

⏲ 18 minutes 31 seconds 👁 1.7M

Depth First Search (DFS) Explained: Algorithm, Examples, and Code

⏲ 20 minutes 52 seconds 👁 181.2K

Meet The Greek Shipping Billionaires Getting Rich Off Russian Oil

⏲ 17:15 👁 8.7M

Adriana Girdler

The Difference Between Mission And Vision Statement [PLUS EXAMPLES]

⏲ 5 minutes 15 seconds 👁 98.9K

Depth-first search in 4 minutes

⏲ 4 minutes 1 second 👁 102.3K

Vatican reviews process for evaluating visions of Mary<br/><br/>The Vatican on Friday, May 17, 2024,overhauls its process for evaluating alleged visions of the Virgin Mary, weeping statues and other seemingly supernatural phenomena that have marked church history, putting the brakes on making definitive declarations unless the event is obviously fabricated. The Vatican’s doctrine office revised norms first issued in 1978, arguing that they were no longer useful or viable in the internet age. Nowadays, word about apparitions or weeping Madonnas travels quickly and can harm the faithful if hoaxers are trying to make money off people’s beliefs or manipulate them, the Vatican said. Photos by AP<br/><br/>Photos by AP<br/><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/>#vatican<br/>#fakenews

Vatican reviews process for evaluating visions of Mary

⏲ 0:39 👁 1.8M

Simon Sinek

Keep Your Vision BIG | Simon Sinek

⏲ 3 minutes 52 seconds 👁 68.9K

Valuetainment

Goals vs. Vision: What's More Important?

⏲ 9 minutes 12 seconds 👁 39.7K

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