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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.
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TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and what’s fueling another meme stock craze.
⏲ 1:58 👁 2.9M
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.
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How to Effectively Read, Food Labels.<br/>These tips offer helpful strategies for getting more mindful about what you eat on the daily.<br/>1, Understand why the <br/>food labels are there.<br/>Nutrition labels became mandatory in 1992 to give consumers the bare facts about their food purchases.<br/>2, Here are some recent <br/>changes to the food labels. .<br/>As our understanding of nutrition develops, <br/>so too has the nutrition label. The number of calories <br/>is currently front and center of food labels.<br/>3, Here's what to look for.<br/>The number of calories, serving size, nutrients and percent daily value are all helpful guides to help you decide what you buy and how much of it you'll eat.<br/>3, Here's what those things mean.<br/>The nutrients include the fat, protein, <br/>carb and sodium content. The percent daily value <br/>is how much of these are recommended daily.<br/>5, Keep these targets in mind.<br/>The daily recommended maximum <br/>for saturated fat is 20 grams, .<br/>sodium is 2,300 mg, .<br/>added sugar is between <br/>25 and 36 grams ...<br/>... and trans fat is zero grams.<br/>6, Remember these final tips.<br/>The total fat count isn't as important <br/>as the types of fat listed, .<br/>not all carbs are the same <br/>so pay attention to the added sugar ...<br/>... and cholesterol continues <br/>to be controversial
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TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why major U.S. Airlines are suing the DOT.
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With the Dragon Boat Festival approaching, many dragon boat manufacturing bases in Rui'an, east China's Zhejiang Province, ushered in an order rush.<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
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MURDER COMPANY Movie Trailer HD - Plot synopsis:In the midst of the D-Day invasion, a group of US soldiers are given orders to smuggle a member of the French resistance behind enemy lines to assassinate a high-value Nazi target. Coming to select theaters, on demand and digital platforms July 5, 2024.<br/><br/><br/>TITLE: MURDER COMPANY<br/>IN SELLECT THEATERS: July 5, 2024<br/>ON DIGITAL AND ON DEMAND: July 5, 2024<br/>DIRECTOR: Shane Dax Taylor<br/>WRITER: Jesse Mittelstadt<br/>CAST: William Moseley, Pooch Hall, Gilles Marini, Joe Anderson, and Kelsey Grammer<br/>RUN TIME: 86 Minutes<br/>RATING: Not Rated<br/>GENRE: War, Action<br/>DISTRIBUTOR: Maverick Film & Complex Corp
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Scientists Discover , Hidden Indicator of Future , Weight Changes.<br/>'Newsweek' reports that scientists <br/>may have found a way to predict weight <br/>gain or loss from the size of fat cells. .<br/>Researchers from Sweden's Karolinska Institutet <br/>measured the size and number of fat cells <br/>in the abdominal fat of 260 volunteers. .<br/>The team found that after an average <br/>of 15 years, those with larger fat cells tended <br/>to lose weight, while those with smaller fat <br/>cells were more prone to gaining weight.<br/>We can only speculate as to <br/>why the size of a person's fat cells <br/>seems to predict their future weight, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>Body weight decreases when energy <br/>expenditure exceeds intake and the <br/>body burns off fat to compensate. , Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>Our results suggest that the loss <br/>of large fat cells makes more <br/>of an impact on weight <br/>than the loss of small ones, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>Peter Arner, one of the lead researchers on the study, <br/>notes that smaller fat cells have also been found <br/>to be linked to a better metabolic profile. .<br/>This means that if someone with <br/>small fat cells does gain weight, <br/>it may not raise their risk of <br/>conditions such as type 2 diabetes <br/>and high blood pressure as much <br/>as if they had large fat cells, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>'Newsweek' reports that the team hope their <br/>findings will help develop more personalized weight <br/>management strategies for people in the future.<br/>It could be of great clinical <br/>value to have information <br/>about fat cell size before starting <br/>a weight-management program, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'.<br/>If it is the case that those with <br/>large fat cells find it easier to <br/>lose weight, those with smaller <br/>cells could be given extra support, Peter Arner, a professor in the Department of Medicine <br/>at the Karolinska Institutet, via 'Newsweek'
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Meet the Harry Potter superfan with the world's largest collection of wizarding memorabilia - which has taken over her home despite her husband 'not being a fan'. <br/><br/>Tracey Nicol-Lewis, 49, has well over 6,300 wizarding items - including wands, special edition books, LEGO sets and artwork - spread across every room in her house.<br/><br/>Her husband, Martin, 47, a security officer, claims it's not his thing - but supports his wife's passion.<br/><br/>Tracey first watched Harry Potter and the Philosopher's Stone in 2002 just after the birth of her son and fell in love with the characters straight away.<br/><br/>It wasn't long before she acquired her first Harry Potter collectible - a chocolate frog from her local corner shop.<br/><br/>She had 6,300 items in 2021 but since then her collection has significantly grown and taken over her house - including her bathroom, spare rooms and son's bedroom.<br/><br/>Tracey is gearing up to beat her previous world record - which she set in April 2021 - but hasn't counted them all officially yet. <br/><br/>Tracey, a housewife, from Bargoed, Wales, said: \
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Turkish police said Sunday that an American man was arrested smuggling 1,500 scorpions and spiders out of the country.<br/><br/>Seized at Istanbul Airport, the suspect is said to be a curator for a leading American natural history museum.<br/> <br/> Officials stated that the man was arrested for smuggling species endemic to the country and its antivenom making capabilities.<br/> <br/>\
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TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why Planet Fitness is raising its membership price.
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In Guyana, where local leaders call forests the “lifeblood” of their communities, funds from carbon credits are visibly benefiting communities. They’re helping to repair wharves to get kids to school, supporting disabled village members, and creating new local jobs through village ecotourism. All 242 of the country’s Indigenous villages are benefiting.
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