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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 👁 10.1M

Nikki Haley Has a New Job , After Dropping Out of Presidential Race.<br/>The former governor of South Carolina <br/>announced on April 15 that she's going to work for <br/>the Hudson Institute, 'New York Post' reports. .<br/>She will serve as the conservative foreign-policy think tank's Walter P. Stern chair.<br/>Haley said that she will use her position to aid her foreign-policy objectives, 'New York Post' reports. .<br/>When our policymakers fail to call <br/>out our enemies or acknowledge <br/>the importance of our alliances, <br/>the world is less safe. That is why <br/>Hudson’s work is so critical, Nikki Haley, via statement.<br/>They believe the American <br/>people should have the facts <br/>and policymakers should have <br/>the solutions to support a secure, <br/>free and prosperous future. , Nikki Haley, via statement.<br/>I look forward to partnering <br/>with them to defend the principles <br/>that make America the greatest <br/>country in the world, Nikki Haley, via statement.<br/>Sarah May Stern, chair of Hudson’s <br/>Board of Trustees, said, \

Nikki Haley Has a New Job After Dropping Out of Presidential Race

⏲ 1:31 👁 79.8M

Perish - Release Trailer | PS5 & PS4 Games<br/><br/>Prepare to dive into the depths of Purgatory and beyond as PERISH, the stylish 1-4 player FPS with a twist, launches on PlayStation 4, and PlayStation 5.<br/><br/>In PERISH, players step into the shoes of Amyetri, a corporeal spirit condemned to the shadowy existence of Purgatory. Their mission? To end their suffering, they undertake the Rites of Orpheus and conquer the Chthonic deities blocking the path to Elysium.<br/><br/>Survival in PERISH requires more than brute strength; players must navigate diverse landscapes, from scorched cliffs to volcanic foundries, each fraught with peril and populated by merciless enemies drawn from Ancient Greek, Roman, and Christian mythologies.<br/><br/>But fear not, for the Armoury of Ares holds a plethora of weapons and gear to aid players in their quest. Choose from a variety of ranged and melee weapons, each with unique offensive capabilities and upgradeable augmentations.<br/><br/>Prepare to challenge the gods themselves in PERISH, where every step forward brings you closer to either salvation or eternal damnation.<br/><br/>#ps5 #ps5games #ps4games #ps4

Perish - Release Trailer | PS5 & PS4 Games

⏲ 1:49 👁 5.3M

Fake News, Deepfake, AI, Jumla, Toolkit....The antennas go up on the incessant news being fed on social media, TV, phones, websites or papers. Is this for real, can it be true, am I being had?<br/><br/>Many political parties have given a lot of guarantees on a lot of things--some too tall to fulfill, some too little to matter. <br/><br/>But the Outlook reporters, who are travelling all over the country to bring stories on the elections, from the remotest of regions to meet the poorest of the people, undertake this solemn guarantee towards its readers and viewers that their report is genuine, it is unbiased, it is factual, it is objective, it is balanced, and above all, that it is true.

Lok Sabha Elections 2024 | Reporter's Guarentee | Vikram Raj

⏲ 0:22 👁 810K

Jamie Dimon explained what the role of AI in finance and money in the future would be.<br/><br/>He thinks AI will be a “huge aid” in recognizing patterns of success.

Jamie Dimon Likens AI To The 'Printing Press,' Says It Will Be A 'Huge Aid' To Recognize Patterns Of Success: 'Anything We Offer...Will Be Driven A Lot By AI'

⏲ 1:2 👁 585K

Amazing slow-motion footage captures the moment an owl flew out over a climber in a ‘once in a lifetime’ moment.<br/><br/>The video, captured by Will Birkett, 28, shows the bird leap from its perch as he scaled a quarry wall in Silverdale, Lancs.<br/><br/>He reaches into the hold where the owl is sheltering, unaware the bird is there, and the owl then takes flight – wings skimming the top of his head.<br/><br/>Will, who was climbing without the aid of ropes, was filming for his social media account @willbirkett_lakes when the moment happened.<br/><br/>And he said while it was common for climbers to disturb crows and ravens throughout their climbing career, the owl was a ‘once in a lifetime’ moment.<br/><br/>Will, from Langdale Valley, Lake District, said: “I was going up a crack in a local quarry and just as I was reaching out to grab the hold, the owl came out of nowhere. <br/><br/>“It’s unique that it’s an owl. Climbers will quite often disturb birds not knowing they’re there. <br/><br/>“More typically it's a crow or raven, an owl is unusual – it was once in a lifetime. <br/><br/>“You can’t really afford to jump in that situation, I was climbing without a rope or anything. <br/><br/>“I had no choice but to hold on and deal with it - it was quite alarming at the time for sure.”

Moment climber disturbs hidden owl - but manages to hang on

⏲ 0:8 👁 2.8M

UAE faces unprecedented crisis as historic rainfall wreaks havoc across all seven Emirates, with total recorded rain doubling annual average. Authorities scramble to assess damage and aid rescue efforts. Concerns mount over further impact and long-term repercussions on region. Questions arise over connection to recent artificial rain experiments. Climate change implications raise fears of more frequent extreme weather events<br/> <br/>#DubaiRains #dubaiflood #dubaifloodnewstoday2024 #dubaifloodinglive #dubaifloodslatestnewstoday #dubaifloodnewstoday #dubaiflood2024 #dubaifloodnews #dubaiflood2024live #dubaifloodvideo #Oneindia #Oneindia news <br/>~PR.152~ED.102~GR.122~HT.96~

Dubai Floods: UAE Grapples with Fallout from Record-Breaking Rainfall, Battling to Recover| Oneindia

⏲ 2:38 👁 405K

House Speaker promises to push for aid to Israel and Ukraine as pressure ramps up.

US House Speaker promises to push for aid to Israel and Ukraine

⏲ 1:15 👁 2.9M

Puppeteer Sebastian Mayer is walking a life-size giraffe puppet, named Zarafa, from Grimsby to Skegness, making his way 85km (52 miles) through the Lincolnshire Wolds this week in aid of Lincolnshire Wildlife Trust.<br/>Here's reporter Rachel meeting Seb and Zarafa near St Mary’s church in Harrington. You can donate to Sebastian’s campaign at www.justgiving.com/page/giraffetoskegness

Seb Mayer with Zarafa the 3m giraffe puppet

⏲ 1:24 👁 535K

During a Pentagon press briefing, Air Force Major General Pat Ryder was asked for an update on US efforts to construct a pier in Gaza to facilitate the delivery of humanitarian aid.<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

'Have They Even Started To Build Anything?': Reporter Presses Pentagon For Info On Gaza Aid Pier

⏲ 2:9 👁 740K

FOR LX Xander, one girlfriend just isn't enough. The music producer currently has six women on the go, but he's always looking for more. Speaking to Love Don't Judge, he explained: \

I Have 6 Girlfriends & Men Hate Me | LOVE DON'T JUDGE

⏲ 8:20 👁 790K

Welcome to the International News Wrap, your go-to source for the latest developments from around the globe, exclusively on OneIndia. From the unprecedented floods in Dubai to the escalating tensions threatening a potential third World War, there's no shortage of significant events shaping the international landscape. Today, we cover a spectrum of stories, from the heartwarming return of a Kerala woman from Iran to the crucial push by President Biden to secure aid for Ukraine. Stay tuned as we delve into the top international developments of the day, keeping you informed and up-to-date on the latest happenings across the world. <br/> <br/>#InternationalNews #MountRuang #IndonesiaVolcano #DubaiFloods #RussiaUkraineWar #IsraelIranConflict #Russi #Germany #Biden #Oneindia<br/>~HT.97~PR.152~ED.103~

International News Wrap EP 1: Indonesia’s Mount Ruang multiple eruptions to Ukraine aid | Oneindia

⏲ 9:30 👁 3.9M

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