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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 👁 2.3M

Bobby‘s Brother

ABBA Eurovision 2024 – Bound To Fail?

⏲ 6 minutes 46 seconds 👁 5.4K

York Region school board bans Star of David (only to flip-flop when Rebel News gets involved)

⏲ 7 minutes 46 seconds 👁 4.2K

Shopify's stock price fell 19% after the company forecast slower sales growth for the second-quarter, down from previous quarters. Adjusting for the sale of its logistics business. Shopify indicated that the sale of its logistics business to Flexport would impact its future financial projections. Chief Financial Officer Jeff Hoffmeister noted that a strong U.S. dollar and weaker consumer spending in Europe, particularly in the United Kingdom, are also expected to affect the company's forward guidance. Shopify reported first-quarter revenue growth of 29%, the fourth quarter in a row exceeding 25% growth.

Shopify Stock Plummets 19% as Slower Sales Growth Forecasted for Q2Shopify Drops 19%

⏲ 0:37 👁 1.2M

Late Night with Seth Meyers

Jimmy Kimmel Reveals His Plan to Drive Trump Insane if He Gets Convicted

⏲ 8 minutes 24 seconds 👁 324.5K

Fox Business

Florida sheriff warns Democrats fleeing liberal cities

⏲ 1 minute 39 seconds 👁 38.5K

Armed police officers cause concern when they storm an old people's home in Milton Keynes<br/><br/>Armed police search elderly people's complex for man with firearm on Milton Keynes estate<br/><br/>7 facts about the time Rolling Stones star Keith Richards almost died in Milton Keynes<br/><br/>Police carry out special search for weapons at Milton Keynes secondary school<br/><br/>Move over Nerf guns, new Gel Blasters are coming to Willen Lake in Milton Keynes<br/><br/>Join The Old Lawnmower Club on the green, green grass of Milton Keynes Museum<br/><br/>The seven out of contract players MK Dons could lose for free in the summer<br/><br/>Award-winning actor’s journey from Milton Keynes to film roles, TV and West End theatre

Milton Keynes Citizen Morning Update 14 May, 2024

⏲ 2:28 👁 905K

Johnson City Aerial Photography LLC

1208 Erie Lane, Elizabethton TN 37643 FOR SALE MLS

⏲ 1 minute 44 seconds 👁 39

Brolly Group Real Estate

114 Erie Ave, Brantford

⏲ 1 minute 33 seconds 👁 31

A social housing worker is touring and reviewing London's most rundown housing estates - posting TikTok reviews about their hidden histories.<br/><br/>Noris Obijaku, 24, studied Architecture at Coventry University and is interested in building designs.<br/><br/>Noris has started a series where he reviews estates in the London area - many which are now rundown, but were once dubbed \

Social housing worker touring London's \

⏲ 2:55 👁 1.2M

trueblueauctions

Auction - Estate & Real Estate in Greensburg PA Pittsburgh Erie

⏲ 6 minutes 41 seconds 👁 1.1K

Berkshire Hathaway HomeServices Chicago

Home for sale - 510 W Erie Street 603 Chicago, IL 60654

⏲ 2 minutes 33 seconds 👁 4

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