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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 👁 8.6M

Do I Have To Repay California Medi-Cal?

⏲ 7 minutes 32 seconds 👁 6.4K

LaptopLivingAI

The First AI Doctor Google's MED-PALM 2 (Real Doctors Gone?)

⏲ 7 minutes 21 seconds 👁 366

On Tuesday, Gov. Gavin Newsom (D-CA) delivered remarks about the mental health system in California. <br/><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/><br/>Stay Connected<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

Gov. Gavin Newsom Delivers Remarks About California’s Mental Health System

⏲ 1:3:20 👁 6.4M

ABC7 News Bay Area

More Chase customers lose money to ATM thieves using glue, 'tap' feature to steal

⏲ 4 minutes 2 seconds 👁 1.3M

2023 Medi Cal Income Limits Increase Over 6%

⏲ 5 minutes 45 seconds 👁 4.2K

https://www.morningdough.com/?ref=ytchannelnGet the daily newsletter in your inbox:nnRead the full newsletter here:nhttps://www.morningdough.com/stories/google-double-site-name-url-in-snippets/nnMorning Dough (22/02/2022) - Google Tests Double Site Name & URL In Search SnippetsnnGood morning!nnIn today’s edition:nn� Google Business Profiles New Business Calls API.n� Facebook Ads: When Is Paying for Engagement Worth It?n� Google Tests Double Site Name & URL In Search Snippets.n�

Morning Dough (22 02 2022) - Google Tests Double Site Name & URL In Search Snippets

⏲ 21 sec ✓ 22-Feb-2022

SDSU Well-being u0026 Health Promotion

Applying for MediCal: A Step by Step Guide

⏲ 6 minutes 52 seconds 👁 1.4K

Passive Workforce

Tips For Starting a Medical Home Healthcare Agency

⏲ 15 minutes 15 seconds 👁 7.2K

Firefighters were called to rescue a dog - who got stuck in a wall.<br/><br/>The pooch made its way in through a plumbing access door and couldn't get back out again.<br/><br/>Named Faye, the pet's family tried to coax it out but had no luck.<br/><br/>So they called in firefighters in Garden Grove, California, to help.<br/><br/>Footage shows the emergency service workers using a sledgehammer to chip away the wall.<br/><br/>Faye is eventually freed and trots away.<br/><br/>The video was filmed on May 12.

Firefighters called to rescue dog - who got stuck in wall

⏲ 1:13 👁 4.8M

VCHumanServices

VCHSA – ¿Qué es Medi-Cal? – español

⏲ 6 minutes 26 seconds 👁 6.1K

Ed Zamora College Prep Channel

2024-2025 Fafsa Step-By-Step Guide Webinar

⏲ 36 minutes 15 seconds 👁 24.9K

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