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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 👁 18.1M
Science u0026 Tech Simplified
How to quickly calculate Standard Error of the Mean (SEM) using Excel
⏲ 1 minute 50 seconds 👁 21.2K
Teaching Junction
Standard Error of the Mean in Excel | How to Calculate Standard Error in Excel
⏲ 3 minutes 1 second 👁 7.3K
Warren Buffett built his wealth by being a value investor, but what does it mean to be a value investor today? On today's edition of Opening Bid, Boyar Research president Jonathan Boyar tells Yahoo Finance Executive Editor Brian Sozzi how to find value stocks in today's market. He highlights companies like Uber Technologies (UBER), which he says has \
What it takes to be a value investor today
⏲ 24:5 👁 2.5M
Khan Academy
P-values and significance tests | AP Statistics | Khan Academy
⏲ 7 minutes 58 seconds 👁 392.2K
Steven Bradburn
What Is A P-Value? - Clearly Explained
⏲ 7 minutes 41 seconds 👁 316.3K
Sanctions after the invasion of Ukraine sent tanker values soaring, boosting the fortunes of these Greek maritime moguls to record highs and minting at least seven new 10-figure fortunes.<br/><br/>Forbes estimates there are now at least 12 shipping billionaires in Greece, more than at any other time in history. Seven of them are making their debut in Forbes’ billionaire ranks. They are worth a collective $32 billion—the equivalent of roughly 12% of the country’s gross domestic product.<br/><br/>These tycoons are the latest in a line of swashbuckling pioneers hailing back to iconic figures like Aristotle Onassis and Stavros Niarchos, who launched the global oil tanker trade after World War II and became famous for their glamorous marriages and lifestyles. This newer group has been in shipping for decades but kept a lower profile. (Despite their success, none would speak to Forbes, while their representatives either declined to comment or did not respond.)<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/05/13/meet-the-greek-shipping-billionaires-getting-rich-off-russian-oil/?sh=6323b9ce74f1<br/><br/>0:00 Introduction<br/>0:24 Greece's Presence In The Shipping Industry<br/>2:46 How Has Greece Made So Much Revenue With Shipping<br/>6:59 How Onassis and Niarchos Reached 10 Figure Status<br/>12:44 Tax Sanctions And Where It Applies In Greece<br/>15:20 How Long Will Greece's Shipping Boom Last<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Meet The Greek Shipping Billionaires Getting Rich Off Russian Oil
⏲ 17:15 👁 8.8M
StatQuest with Josh Starmer
The Normal Distribution, Clearly Explained!!!
⏲ 5 minutes 13 seconds 👁 664.8K
AutoFast
All New 2025 Acura Integra Hatchback Sport: Review - Price - Interior And Exterior Redesign
⏲ 3 minutes 16 seconds 👁 541
The Italian club issued a statement saying Massimiliano Allegri’s conduct “was not in line with Juventus’ values”.
Juventus axe coach Massimiliano Allegri over referee flare-up in Italian Cup final
⏲ 0:35 👁 4.6M
The Organic Chemistry Tutor
How To Calculate Variance
⏲ 10 minutes 24 seconds 👁 654.3K
One Minute Economics
The Standard Deviation (and Variance) Explained in One Minute: From Concept to Definition & Formulas
⏲ 1 minute 47 seconds 👁 188.1K
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