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Brock Collins Realtor® - eXp Realty Champaign IL
Brock Collins Realtor® - eXp Realty Champaign IL
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_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "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.")
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_some-245-families-in-bestari-jaya-to-receive-ppr-homes-says-nga.webp "A 26-year wait comes to an end for 245 families in Bestari Jaya, as each will receive a unit under the Bestari Jaya People’s Housing Project (PPR).<br/><br/>Housing and Local Government Minister Nga Kor Ming announced on Monday (May 6) that the ministry and the state government had reached an agreement on the proposal for the development of the Bestari Jaya PPR with an allocation of RM75mil.<br/><br/>Read more at https://tinyurl.com/mry63s52<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
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