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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 👁 17.8M

BetterWealth

The Tax Advantages Of Whole Life Insurance

⏲ 19 minutes 34 seconds 👁 1.4K

Doug Andrew - 3 Dimensional Wealth

Why Is Life Insurance Tax-Free?

⏲ 12 minutes 44 seconds 👁 565

Tom's Guide looks at if the Apple Watch the ultimate travel companion? From navigating on Apple Map directions and Siri translations to currency conversions, Apple Pay, and more. Even the benefit of the Apple Watch Low Power Mode for the 14-hour flight from New York City halfway across the world. In this week-in-the-life video, Kate covers all the best Apple Watch features and tips for travel, and even makes a few adorable friends along the way.

Is The Apple Watch Series 9 Useful When Travelling?

⏲ 8:25 👁 17.4M

Retirement Planning Education

Is life insurance taxable

⏲ 5 minutes 35 seconds 👁 1.1K

America's Estate Planning Lawyers

Is Life Insurance Tax Free?

⏲ 13 minutes 41 seconds 👁 4.9K

Lump sum or annuity payments? Single-life benefits or joint-and-survivor benefits? Once you explore the risks and hidden costs, the right pension answer for you could come down to control.

Reasons Why A Pension Lump Sum Is Better Than An Annuity Payment

⏲ 2:29 👁 290K

Rob Tetrault

Life Insurance Tax Benefits

⏲ 8 minutes 51 seconds 👁 396

Cash Value Life Insurance Reviews

Tax Benefits Of Life Insurance -Life Insurance Tax Treatment

⏲ 15 minutes 20 seconds 👁 2.5K

My Name is Khan, introduces us to a global, multicultural theme from the<br/>perspective of an innocent Muslim in the horror of the post-9/11 United States.<br/>Victimized for being autistic in his native India, Rizvan Khan also faces the<br/>perennial violence and hate generated by the anti-Muslim pogroms there. While<br/>an impressionable child, his mother, Razia Khan, teaches him a very profound<br/>ethical lesson - that irrespective of caste, class, race, religion, or ethnicity, there<br/>are only two kinds of people - good ones who do good deeds, and bad ones who<br/>do bad deeds.<br/>After immigrating to the United States, Rizvan works as a salesman for his<br/>brother Zakir Khan’s herbal beauty products company. Due to his strong work<br/>ethic, he is able to enjoy the benefits of the American Dream. Despite opposition<br/>from his brother, he marries a Hindu divorcee, Mandira, who has a 6-year old son,<br/>Sameer, and becomes part of her family. They work hard, lead a happy life, and<br/>are well integrated into a multicultural community.<br/>After the tragic events of 9/11 Rizvan’s whole world turns upside down.<br/>Due to prejudice, Mandira's customers abandon her beauty salon and she is forced<br/>to close and seek work elsewhere. 9/11 marks a watershed moment concerning<br/>the rights of Muslims in the US. The ignorance, fear, racism, and hysteria<br/>generated by the media lead to stereotyping, demonization, stigmatization, and<br/>brutal attacks against Muslims. The film depicts the cruel, inhumane, and racist<br/>character of American society, where Muslims are considered less than human<br/>and their rights trampled upon with impunity, based on unsubstantiated and vague<br/>suspicions. Due process and equal protection rights are disregarded due to the<br/>hysteria generated by terrorism. We see events get even uglier when Sameer,<br/>Mandira's son, is killed by four racist bullies at his school. Mandira is beside<br/>herself with grief and blames Rizvan and his Muslim-ness for all their woes. She<br/>asks Rizvan to leave and only return when he is able to tell the President of the<br/>United States that he is not a terrorist. Accordingly, Rizvan leaves San Francisco<br/>in search of the President to deliver his message.<br/>This movie depicts the gross violations of the civil/human rights<br/>experienced by the Muslim community in the US, which arose from prejudice,<br/>collective blame, and hate incited against Muslims. While attempting to meet<br/>President Bush, Rizvan is arrested for suspicion of being a terrorist and is placed<br/>in solitary confinement, in flagrant violation of his constitutional rights. He is<br/>strip/cavity searched and dehumanized by overzealous law enforcement agents<br/>and classified as a dangerous terrorist. In time, due to the advocacy of Rizvan's<br/>friends, the authorities realize they have made a mistake and release him.

My Name is KHAN _ MNIK _ Shah Rukh Khan, Kajol

⏲ 2:41:32 👁 50K

Cash Value Life Insurance Reviews

Using Life Insurance for Tax-free Income

⏲ 16 minutes 1 second 👁 7.9K

Nick Godfrey Insurance Inc.

The tax benefits of corporate owned life insurance

⏲ 14 minutes 👁 2.4K

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