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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 👁 26M

Nadia Finance Classroom

Present Value (PV) of an annuity due using TI BAII Plus calculator

⏲ 2 minutes 43 seconds 👁 43.6K

sam tube

How to Calculate Present Value of An Ordinary Annuity on Calculator

⏲ 3 minutes 25 seconds 👁 48.4K

AN OLD Ford Falcon XA Superbird has been given a new life after one man restored the car to surprise his father. Tommy Giankos’ father, Paul, bought the XA Superbird in 1973 - it was his very first car. However after an accident wrote the car off, it sat idle on their family farm. It wasn’t until 2013 when Tommy decided to rebuild it to the surprise of his father. Industry experts estimate that the car has increased significantly in value after its $100,000 revamp, but the family has no plans to let go of it just yet. Tommy said: “It took five and a half years, but it's pretty much a dream come true to think that I can drive this car now, when growing up I thought I’d never drive it again after what happened.”

1973 Ford Falcon XA Superbird Restored To Former Glory

⏲ 4:10 👁 14.2M

The Organic Chemistry Tutor

How To Calculate The Present Value of an Annuity

⏲ 16 minutes 15 seconds 👁 260.1K

Edspira

Present Value of an Annuity

⏲ 8 minutes 36 seconds 👁 171.7K

A true ‘voiture à vivre’, Renault 16 was designed to stand apart from the competition. Launched in 1965, it premiered a new body style, with hatchback access to the boot. More versatile than any of its contemporaries, Renault 16 included a bench seat adjustable for a 'holiday travel' position. It met the needs of families looking for a car that suited their lifestyles, while keeping pace with rapid social change.<br/><br/>Since then, Renault has continued to innovate with family cars that caught the mood of their times. This was true in the 1980s with Espace, a car that started a revolution with its groundbreaking one-box design and modular layout. In the 1990s, Renault did it again with Scénic, the first compact MPV. Designed to resemble a cocoon, Scénic featured an interior dedicated to passenger well-being.<br/><br/>Symbioz shares this same DNA. Able to adapt its boot and passenger compartment to family needs, with useful technologies delivering human added value and compact dimensions that are also ideal for city driving, it joins a long line of versatile ‘voitures à vivre’, reflecting its times. Showcasing Renault's new design language, Symbioz follows on from the recent Scénic E-Tech electric and New Captur.

Renault Symbioz A new era in family \

⏲ 6:58 👁 32.7M

Joshua Emmanuel

(BGN) Annuity Due Calculations Using BA II Plus

⏲ 2 minutes 52 seconds 👁 83.6K

Finbuzz

How to Calculate PVAF using simple calculator

⏲ 47 seconds 👁 24.8K

Meet the Harry Potter superfan with the world's largest collection of wizarding memorabilia - which has taken over her home despite her husband 'not being a fan'. <br/><br/>Tracey Nicol-Lewis, 49, has well over 6,300 wizarding items - including wands, special edition books, LEGO sets and artwork - spread across every room in her house.<br/><br/>Her husband, Martin, 47, a security officer, claims it's not his thing - but supports his wife's passion.<br/><br/>Tracey first watched Harry Potter and the Philosopher's Stone in 2002 just after the birth of her son and fell in love with the characters straight away.<br/><br/>It wasn't long before she acquired her first Harry Potter collectible - a chocolate frog from her local corner shop.<br/><br/>She had 6,300 items in 2021 but since then her collection has significantly grown and taken over her house - including her bathroom, spare rooms and son's bedroom.<br/><br/>Tracey is gearing up to beat her previous world record - which she set in April 2021 - but hasn't counted them all officially yet. <br/><br/>Tracey, a housewife, from Bargoed, Wales, said: \

World's biggest Harry Potter fan says record collection now fills entire home

⏲ 1:19 👁 8.4M

rubel theresearcher

How to put Annuity formula in Calculator to find Present Value

⏲ 1 minute 23 seconds 👁 718

Matt Calcagno, CFP®

I'm 60 with $1 Million In My 401(k). Can I Retire?

⏲ 15 minutes 45 seconds 👁 10

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