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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 👁 38.3M

Kahan Kerensky Capossela

Medicaid Eligibility: 2023 Update

⏲ 6 minutes 7 seconds 👁 9.9K

NowRx

What is Medicaid? Coverage, Eligibility, and How to Apply

⏲ 5 minutes 1 second 👁 8.3K

Goji berry, a traditional Chinese medicinal plant, has garnered renewed attention for its health benefits. <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

Sci-tech innovation boosts value of Ningxia's goji berries

⏲ 1:30 👁 3M

AmeriHealth Caritas

How to Enroll in Medicaid

⏲ 2 minutes 29 seconds 👁 16.4K

Direction Home Akron Canton

How to: Fill out a Medicaid Application

⏲ 7 minutes 4 seconds 👁 3.2K

Are you a Medicare beneficiary with a recent change in circumstance? If so, don't go anywhere! We're here with everything you need to know about Special Enrollment Periods for Medicare.nnSpecial Enrollment Period Due To Loss Of Coverage (0:44)nDocuments Needed When Using a Special Enrollment Period Due To Loss Of Coverage (1:36)nSpecial Enrollment Period Due To Relocation (2:44)nSpecial Enrollment Period Due To Plans Contract Changes (3:38)nSpecial Enrollment Period Due To Eligibility for Extra

Special Enrollment Periods

⏲ 3 min 97 sec ✓ 18-Oct-2021

InfusionCenters

Medicare & Medicaid 101

⏲ 3 minutes 47 seconds 👁 66.2K

CMS Law Firm LLC

How to qualify for Medicaid even if you're rich.

⏲ 58 seconds 👁 4.3K

Justin and Hailey Bieber , Make Big Pregnancy Announcement.<br/>'E Online' reports that Hailey <br/>and Justin Bieber are expecting <br/>their first baby together. .<br/>The happy couple shared the <br/>news on Instagram on May 9.<br/>The Grammy winner and the Rhode Skin <br/>founder revealed the news with a video <br/>of their Hawaiian vow renewal. .<br/>The news comes almost six years <br/>after the couple wed at a New York City courthouse in September of 2018.<br/>One year later, the couple celebrated their marriage <br/>with a lavish wedding ceremony in South Carolina.<br/>One year later, the couple celebrated their marriage <br/>with a lavish wedding ceremony in South Carolina.<br/>The 'Love Yourself' singer first hinted at the couple's <br/>plans to start a family in October of 2019, posting <br/>a video of a father with his child, writing \

Justin and Hailey Bieber Make Big Pregnancy Announcement

⏲ 1:34 👁 5M

New York State Office for the Aging

How to Apply for Medicaid

⏲ 27 minutes 9 seconds 👁 6.8K

Pennsylvania Health Law Project

2023 Unwinding Webinar Series: Medicaid Eligibility 101

⏲ 1 hour 33 minutes 37 seconds 👁 860

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