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IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 👁 110K
1035 Exchange: How To Transfer Annuities or Life Insurance Without Paying Taxes
⏲ 6 minutes 👁 517
LIFE ONLY AGENTS - Do you know about the partial 1035 exchange and aSplit Annuity? Watch this!
⏲ 11 minutes 22 seconds 👁 89
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 ✓ 23-Apr-2024
Q&A Friday: What Does the IRS Code Section 1035 Have to Do With Annuities?
⏲ 2 minutes 30 seconds 👁 211
Filing taxes in 2023: New IRS rules and itemized deductions explained
⏲ 6 minutes 52 seconds 👁 6.5K
What Is A 1035 Tax-Free Exchange With Regard To Life Insurance
⏲ 12 minutes 58 seconds 👁 801
Every Retiree Should Know About THIS Annuity! 😱
⏲ 14 minutes 19 seconds 👁 20.9K
A Complete Guide To CPP And OAS When You Retire
⏲ 14 minutes 1 second 👁 97.8K
Avoid These Common Mistakes In Your Next 1031 Exchange
⏲ 15 minutes 9 seconds 👁 8.5K
If You're Retiring With An RRSP, You Need To Watch This
⏲ 16 minutes 4 seconds 👁 74.6K
Pay Capital Gains Tax or Buy Another Property?
⏲ 6 minutes 12 seconds 👁 28.5K
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_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "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.")
_1035-exchange-how-to-transfer-annuities-or-life-insurance-without-paying-taxes.webp "Madrona Financial")
_life-only-agents-do-you-know-about-the-partial-1035-exchange-and-a-split-annuity-watch-this.webp "Annuity Experts")
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "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.")
_qampa-friday-what-does-the-irs-code-section-1035-have-to-do-with-annuities.webp "Stan The Annuity Man")
_filing-taxes-in-2023-new-irs-rules-and-itemized-deductions-explained.webp "Yahoo Finance")
_what-is-a-1035-tax-free-exchange-with-regard-to-life-insurance.webp "Doug Andrew - 3 Dimensional Wealth")
_every-retiree-should-know-about-this-annuity.webp "Medicare School")
_a-complete-guide-to-cpp-and-oas-when-you-retire.webp "Parallel Wealth")
_avoid-these-common-mistakes-in-your-next-1031-exchange.webp "Toby Mathis Esq | Tax Planning u0026 Asset Protection")
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