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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 👁 17.9M

XMASFNATI2K9

Kaden having a meltdown over Mcdonald's G Major

⏲ 6 minutes 4 seconds 👁 226

NJ.com

Full video: Port Authority commissioner confronts police during N.J. traffic stop

⏲ 8 minutes 7 seconds 👁 4.9M

Thousands of Celtic fans gather at Glasgow Cross to celebrate their 54th tile win<br/><br/>Crowds in Glasgow as Celtic fans mark title win<br/><br/>Celtic fans are preparing to celebrate in Glasgow after the club won its third successive Scottish Premiership title.<br/><br/>The trophy was carried into Saturday's game at Celtic Park by goalkeeper Joe Hart. The home side went on to beat St Mirren 3-2.<br/><br/>Glasgow city council said while celebrations are to be \

Thousands of Celtic fans gather at Glasgow Cross to celebrate their 54th tile win

⏲ 0:58 👁 7.7M

Supernanny

Toddler Punches Mom in the Face & Is Excluded from 2 Schools | Supernanny

⏲ 14 minutes 28 seconds 👁 9.4M

Watching the Watchmen

TRIGGERED KAREN HAS A MELTDOWN OVER A CAMERA!! - OWNED!

⏲ 36 minutes 2 seconds 👁 61.8K

Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down.<br/>NBC reports that approximately 99 Red Lobster locations <br/>will be auctioned off as the seafood chain faces <br/>questions regarding the company's long-term future.<br/>Founder and CEO of the liquidation firm TAGeX Brands, <br/>Neal Sherman, said he would lead the closure of over <br/>50 locations in a May 13 LinkedIn post.<br/>Sherman said equipment from the <br/>locations will be auctioned off.<br/>Locations will reportedly be closed across <br/>the United States, including Denver, <br/>Indianapolis, California and New York.<br/>On May 14, Restaurant Business Magazine reported <br/>a total of 99 locations would close, representing <br/>about 15% of the company's 700 locations. .<br/>NBC reports that the largest seafood <br/>restaurant in the U.S. has struggled with debt, <br/>unfavorable leases and executive turnover.<br/>The chain's troubles also stem from ill-advised <br/>strategies like an all-you-can-eat-shrimp promotion <br/>in 2023 that resulted in a significant loss.<br/>Earlier in 2024, the chain's largest investor, <br/>Thai Union, announced that it would <br/>seek to exit its position. .<br/>The combination of Covid-19 pandemic, <br/>sustained industry headwinds, higher <br/>interest rates and rising material and <br/>labor costs have impacted Red Lobster, <br/>resulting in prolonged negative <br/>financial contributions to <br/>Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC.<br/>After detailed analysis, we have <br/>determined that Red Lobster’s <br/>ongoing financial requirements <br/>no longer align with our capital <br/>allocation priorities and <br/>therefore are pursuing an exit <br/>of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC

Red Lobster Announces Nearly 100 Locations Will Be Shut Down

⏲ 1:31 👁 116.2M

Sophie Plays Animations

Katelynn goes to McDonald's

⏲ 5 minutes 39 seconds 👁 13K

Nicholas D

Karen Holds Up the Line at McDonald's Banned and Arrested

⏲ 12 minutes 9 seconds 👁 411.4K

Known as the \

Our never-before-seen interview with Roger Corman, a Hollywood legend who revolutionized the movie business

⏲ 38:4 👁 20.6M

The O Family

The O Family Bloopers

⏲ 4 minutes 35 seconds 👁 3.3M

Colors 358

Billy videotapes a kid throwing a tantrum posts it on YouTube grounded

⏲ 2 minutes 12 seconds 👁 59K

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