_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.jpg "IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed from com owe Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 1:29
👁 View: 3.8M times
✓ Published: 01-May-2024
👁 View: 3.8M times
✓ Published: 01-May-2024
Description:
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.
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.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_shalamar-i-owe-you-one.webp "UnidiscMusic")
_krishna-vrinda-vihari---full-movie---romantic-love-story---naga-shaurya-shirley-setia.webp "The premise is impressive. As was established through the trailer, Krishna (Naga Shaurya) hails from a ritualistic Brahmin family where the mother (Radhika Sarathkumar) knows how to have her way. When he moves to Hyderabad to do a software job, he feels liberated. This newfound freedom makes him woo Vrinda (Shirley Setia), a North Indian living in the city, at the first opportunity. Vrinda, to his fortune, is his friendly manager. Much as she loves Krishna, Vrinda is in a bind because she is barren owing to a disorder. Krishna now takes a tricky decision. He pulls the wool over his mother's eyes and marries Vrinda. Least does he realize that this is not going to be smooth sailing.<br/><br/>This film doesn't subscribe to regular notions of masculinity. In this regard, director Aneesh R Krishna must be commended. Naga Shaurya's character doesn't mind being at the receiving end of the raw deal if it makes his girlfriend happy. Like many Telugu cinema male leads, he is mistaken often by those who are supposed to behave better.<br/><br/>Mahathi Swara Sagar's musical flavour sits pretty with the mood of the film. 'Emundi Ra' is enjoyable, although the rest of the songs don't match up to its standard. Sai Sriram's cinematography makes the production values look better. Compared to Shaurya's films like 'Nartanasala', 'KVV' has got a much better visual appeal.<br/><br/>For a change, the story taps into the dynamics of an evolving relationship between a woman and her mother-in-law. In doing so, it makes sense. There are dialogues that sensitize us to the need to empathize with the pulls and pressures faced by working women. Radhika Sarathkumar makes us see her character's point without appearing mean. It's also amusing that she is shown to be someone who has the ability to predict the future accurately.<br/>Shirley Setia makes a vivacious Telugu debut. She looks believable as a North Indian migrant in Hyderabad, drawing the unwarranted attention of a lot of men. Amitabh Pradhan's negative role could have been etched in a better way, though.<br/><br/>The arc of Vennela Kishore's character is funny, with the coma portions standing out. Satya is effortless. Brahmaji can make us enjoy even ordinary lines. Wish Rahul Ramakrishna had got to do better. Annapurnamma is seen as Krishna's granny, while Saranya Pradeep and Himaja have their parts.<br/><br/>The second half is where the actual story takes place. Much of the drama happens indoors. The conversations between three different characters make for a dramatic watch. The climax has the right quantum of simplicity and likeability. The pub scene is not squandered away.<br/>On the downside, the workplace portions should have been constructed in a realistic fashion. The frustrations of Satya and Rahul Ramakrishna are captured well initially. By and by, classist humour and regular tropes like a mean guy creeping up the female lead make their way. Nowadays, the audience are expecting workplace dynamics to be shown in an entertaining way without taking creative lib")
⏲ 2:18:48 👁 335K
_k-camp-owe-me-kcamp.webp "K Camp")
_rudy-screws-himself-and-loses-everything.webp "MeidasTouch")
_i-owe-everything9234-to-drag-latrice-royale-talks-drag-bans-faith-and-were-here-124-salon-talks.webp "Salon")
⏲ 18 minutes 👁 530
_4-year-old-boy-calls-911-amp-asks-for-a-happy-meal-cops-faces-turn-pale-after-finding-this-in-his-home.webp "Viral Story")
4-Year-Old boy Calls 911 & Asks For A happy Meal Cops Faces Turn Pale After Finding This In His Home
⏲ 7 minutes 14 seconds 👁 1.5K
_how-ice-needles-create-spontaneous-zen-gardens.webp "Some of the most breathtaking zen garden patterns on the planet owe their existence to an unlikely artist: thousands of tiny \")
_you-owe-me-money.webp "The People's Court")
_shalamar-i-owe-you-one.jpg)
_krishna-vrinda-vihari---full-movie---romantic-love-story---naga-shaurya-shirley-setia.jpg)
_k-camp-owe-me-kcamp.jpg)
_rudy-screws-himself-and-loses-everything.jpg)
_i-owe-everything9234-to-drag-latrice-royale-talks-drag-bans-faith-and-were-here-124-salon-talks.jpg)
_4-year-old-boy-calls-911-amp-asks-for-a-happy-meal-cops-faces-turn-pale-after-finding-this-in-his-home.jpg)
_how-ice-needles-create-spontaneous-zen-gardens.jpg)
_you-owe-me-money.jpg)
![[+]](/images/menu.gif){kind=small}