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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

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Waterford.org

\"Capital Letter F\" by Waterford.org

⏲ 39 seconds 👁 24.6K

Waterford.org

Waterford.org: Capital Letters - Places

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The Kuala Lumpur Forest Eco Park in Bukit Nanas has the potential to be developed and promoted as a prominent attraction in the federal capital, says Nik Nazmi Nik Ahmad.<br/><br/>The Natural Resources and Environmental Sustainability Minister said that besides having its own historical significance, the park is strategically located and easily accessible, even for foreign tourists.<br/><br/>Read more at https://shorturl.at/IPJNv<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

KL Forest Eco Park has potential to become tourist attraction, says Nik Nazmi

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Waterford.org

\"Lowercase Letter f\" by Waterford.org

⏲ 32 seconds 👁 31.2K

Waterford.org

\"Capital Letter T\" by Waterford.org

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Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down.<br/>NBC reports that approximately 99 Red Lobster locations <br/>will be auctioned off as the seafood chain faces <br/>questions regarding the company's long-term future.<br/>Founder and CEO of the liquidation firm TAGeX Brands, <br/>Neal Sherman, said he would lead the closure of over <br/>50 locations in a May 13 LinkedIn post.<br/>Sherman said equipment from the <br/>locations will be auctioned off.<br/>Locations will reportedly be closed across <br/>the United States, including Denver, <br/>Indianapolis, California and New York.<br/>On May 14, Restaurant Business Magazine reported <br/>a total of 99 locations would close, representing <br/>about 15% of the company's 700 locations. .<br/>NBC reports that the largest seafood <br/>restaurant in the U.S. has struggled with debt, <br/>unfavorable leases and executive turnover.<br/>The chain's troubles also stem from ill-advised <br/>strategies like an all-you-can-eat-shrimp promotion <br/>in 2023 that resulted in a significant loss.<br/>Earlier in 2024, the chain's largest investor, <br/>Thai Union, announced that it would <br/>seek to exit its position. .<br/>The combination of Covid-19 pandemic, <br/>sustained industry headwinds, higher <br/>interest rates and rising material and <br/>labor costs have impacted Red Lobster, <br/>resulting in prolonged negative <br/>financial contributions to <br/>Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC.<br/>After detailed analysis, we have <br/>determined that Red Lobster’s <br/>ongoing financial requirements <br/>no longer align with our capital <br/>allocation priorities and <br/>therefore are pursuing an exit <br/>of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC

Red Lobster Announces Nearly 100 Locations Will Be Shut Down

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Waterford.org

\"Capital Letter W\" by Waterford.org

⏲ 37 seconds 👁 19.9K

Waterford.org

\"Capital Letter S\" by Waterford.org

⏲ 37 seconds 👁 18.5K

Two more men were charged in the Kuala Lumpur Sessions Court on Friday (May 17) with committing mischief by throwing petrol bombs at the front door of an entertainment centre in the capital last week.<br/><br/>Read more at https://tinyurl.com/3nt3cfmf<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

Another two men charged with throwing petrol bomb at nightspot in KL

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CursiveLetters

Capital \"F\" in cursive

⏲ 1 minute 36 seconds 👁 36.4K

Waterford.org

\"Lowercase Letter w\" by Waterford.org

⏲ 40 seconds 👁 25.4K

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