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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 👁 8.8M

The Ramsey Show Highlights

Are 529's Really The Best Investment For College?

⏲ 8 minutes 14 seconds 👁 34.5K

WTXL - Tallahassee, FL

Florida A&M University receives $237 million gift

⏲ 5 minutes 15 seconds 👁 688

Moscow has reacted to comments about sending troops and arms to Ukraine as dangerous, while Kyiv urges Western allies to speed up aid deliveries.

Kremlin brands France and UK's Ukraine comments as 'dangerous'

⏲ 1:25 👁 42.5M

The Ramsey Show Highlights

Use FAFSA To Pay For College?

⏲ 7 minutes 38 seconds 👁 95.2K

Step Up For Students

New Application Process for the Florida Tax Credit (FTC), FES-EO), (FTCPEP) and the Hope Scholarship

⏲ 19 minutes 43 seconds 👁 4.6K

First, put all major decisions on hold. A financial planner can help you come up with a plan that addresses your goals, dreams and needs.

Advice On Large Money Inheritance

⏲ 2:25 👁 7.4M

CrashCourse

How to Pay for College | Crash Course | How to College

⏲ 10 minutes 33 seconds 👁 88.7K

How to Apply for Financial Aid for International Students | CSS Profile Step-by-Step

⏲ 17 minutes 12 seconds 👁 85K

Welcome to Fan Reviews News. The Trump Media anti-short selling campaign may have inadvertently played into the hands of short sellers. After these investors covered their shorts by buying shares in the 20s, they have been patiently waiting for false claims of victory. It seems that time has come, with the short sellers making their move once again. But did the actions of Trump Media drive them off? Not exactly. They were aware of what was coming and took their gains by covering their shorts. However, they have not disappeared completely. Short sellers will likely return because the Trump Media stock remains overpriced. Given these factors, it is evident that Trump Media Stock is at a high risk of experiencing a new plunge. Investors and market participants should closely monitor the developments and consider the potential consequences for their portfolios. Stay informed on everything happening in the financial world, on Fan Reviews News.

DJT Stock Faces Heightened Short Selling Threat Amid Trump Media's Turbulent Outlook

⏲ 0:58 👁 25.6M

Glenville State University

Spring Commencement 2024

⏲ 2 hours 13 minutes 21 seconds 👁 265

UCF Undergraduate Admissions

Financial Aid Information

⏲ 15 minutes 17 seconds 👁 611

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