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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 👁 7.7M

ClearValue Tax

Student Loan Forgiveness: President Biden's NEW PLAN 2024

⏲ 5 minutes 37 seconds 👁 77.1K

CNBC Make It

Refusing To Pay $80K In Student Loan Debt

⏲ 7 minutes 23 seconds 👁 99K

wallacebankruptcy.com/nnMike Wallace, P.Cnn6793 Old Jacksonville Hwy.nSte 103 Tyler,nTX 75703119nNorth St Suite inUnited Statesnn911 N.W. TX-281nLoop Suite 211-32nLongview, TX 75605nUnited Statesnn7415 State Hwy.n110 N, Jacksonville,nTX 75766nUnited Statesnn119 North St Suite inNacogdoches,nTX 75961nUnited Statesn(888) 402-5557nnTypically, all unsecured debt is dischargeable during bankruptcy, with the exception of student loan debt. nIn addition to student loan debts, there are certain income t

Texas Bankruptcy Lawyer Explains What Dischargeable And Non-Dischargeable Debt Are

⏲ 72 sec ✓ 21-Mar-2024

BuzzFeedVideo

18 Vs. 28 Vs. 38: Student Loans

⏲ 8 minutes 7 seconds 👁 208.4K

The Ramsey Show Highlights

I'm $537,000 In Student Loan Debt!

⏲ 5 minutes 43 seconds 👁 83.8K

Tory mayoral candidate Susan Hall congratulated Sadiq Khan on winning the mayoral race.<br/><br/>In her speech at City Hall Ms Hall said: \

Susan Hall speech: 'It's not The Wire', 'threat is frightening'

⏲ 1:9 👁 420K

Don't Walk, Run! Productions

Student Loan Borrower Has $528,000 in Debt; She Can't Won't Pay!!

⏲ 15 minutes 12 seconds 👁 139.2K

CNBC Make It

Kevin O'Leary's Top Tip For Paying Off Student Loans

⏲ 1 minute 46 seconds 👁 21.8K

Ghana's Asante king displays return of looted treasures<br/><br/>Ghana's Asante king displays for the first time dozens of royal artefacts looted during colonial rule, after they were returned by British museums on a long-term loan, as part of his silver jubilee celebrations.<br/><br/>Video by AFP<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br/> <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/>#tmtnews<br/>#ghana<br/>#asanteking<br/>#treasure

Ghana's Asante king displays return of looted treasures

⏲ 1:37 👁 14M

The Ramsey Show Highlights

I Just Got Out Of Med School With $309,000 Of Debt!

⏲ 7 minutes 49 seconds 👁 373.9K

Sky News Australia

Calls for university to be ‘free’ for ‘citizens of Australia’

⏲ 8 minutes 3 seconds 👁 273

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