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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

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FOX5 Las Vegas

Home buying is about to change

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ERIN SPRADLIN RENTAL CONSULTING

Zillow Rental Application FAQ for Landlords: Attract Great Tenants

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Europe is the hottest market for swapping property for cryptocurrencies, according to the founders of asset-backed cryptocurrency Unicoin.

Buying a piece of an island: How crypto could change property deals

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Quiz This

Food & Beverages Quiz

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May 2024 Housing Market Update

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Buying London | Official Trailer | Netflix<br/><br/>Big price tags, big personalities. At luxury estate agency DDRE Global, the only thing hotter than the super prime properties is the fiery office drama. Coming to Netflix, May 22<br/>

Buying London | Official Trailer | Netflix

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NavaRealtyGroup

AFFORDABLE LUXURY CUSTOM HOUSE TOUR IN TEXAS UNDER $300,000 | 3 BED | 2 BATH | 2 CAR | 1756 SQFT

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Rhett Wiseman - The Section 8 Guy

How To SEARCH ZILLOW For SECTION 8 Rental Properties!! LIVE Search For Online Real Estate Investing!

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Huge fire rages at Cannock industrial estate with smoke seen for miles@SamWinter_1, Twitter@SMitchellPoker, Twitter

Huge fire rages at Cannock industrial estate with smoke seen for miles

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Krystal Enger Roatan Real Estate

Roatan Grocery Store - Quick Trip to Eldons | Roatan Real Estate Island Life

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Jorge Chavez on Roatan

Roatan Luxury Home for Sale - Roatan Real Estate

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