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_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.jpg "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.")
⏲ 1:29 👁 2.1M
_gravesend-businesses-struggling-a-month-on-from-tilbury-ferry-closure.jpg "Kent County Council and says it's working hard to secure its future.")
⏲ 3:4 👁 39.8M
_wolverhampton-council-local-elections-count.jpg "Express & Star senior reporter James Vukmirovic brings all the action from the local elections count at WV Active Aldersley for the Wolverhampton Council local elections")
⏲ 2:38 👁 7.9M
_sheffield-elections-2024-ones-to-watch.jpg "Sheffield City Council could well remain under No Overall Control once all is said and done.<br/><br/>However, this doesn't mean today's results will be a snooze-fest.<br/><br/>The Star's Harry Harrison picks out five wards - including Crookes & Crosspool, Hillsborough and Walkley - for you to watch for some interesting storylines.")
⏲ 3:33 👁 26.3M
_banned-from-parking-vintage-motorhome-on-driveway.jpg "A fuming dad has been banned from parking his vintage motorhome on his own driveway – after council bosses said it was \")
⏲ 2:3 👁 6.1M
![Leeds boxer, Ellis, 23, wowed Claudia Winkleman, Mika and Lang Lang with his magical rendition of Chopin’s Ballade No.4 at Manchester Piccadilly train station for the second instalment Channel 4’s The Piano.<br/><br/>Ellis learnt to play the musical instrument through schemes from the local council, and likened boxing to playing the piano.<br/><br/>He said: “The discipline you need [for boxing] is very similar to what you need for the piano. You need to be so willing to leave your ego outside to grow and get better.”](https://cdn4.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KEQu1LGSwD0V0BGuFMUuuBP9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_boxer-pianist-wows-judges-on-channel-4s-the-piano.jpg "Leeds boxer, Ellis, 23, wowed Claudia Winkleman, Mika and Lang Lang with his magical rendition of Chopin’s Ballade No.4 at Manchester Piccadilly train station for the second instalment Channel 4’s The Piano.<br/><br/>Ellis learnt to play the musical instrument through schemes from the local council, and likened boxing to playing the piano.<br/><br/>He said: “The discipline you need [for boxing] is very similar to what you need for the piano. You need to be so willing to leave your ego outside to grow and get better.”")
⏲ 1:8 👁 12.7M
_pakistan-lodges-un-complaint-accuses-india-of-targeted-attacks-by-39unknown-men39124-oneindia-news.jpg "Pakistan accuses India of \")
⏲ 2:27 👁 335K
_man-could-of-been-killed-by-tree-in-his-own-garden-in-sedley.jpg "A man who lives in Sedgley has found for the second time a giant branch has fallen from a tree, that is on a footpath at the bottom of his garden. The first time it crushed his greenhouse, this time it very nearly hit him. According to the council the land is owned by The Earl of Dudley.")
⏲ 3:15 👁 4.4M
_purchase-of-former-bampm-building.jpg "The former B&M building in Boston, now owned by Boston Borough Council.")
⏲ 0:36 👁 2.6M
_mark-these-important-may-finance-dates-on-your-calendar.jpg "Many people think of April as a major month for finances because it’s the time of the year that most Americans do their taxes – but experts say there are some pretty important dates in May that you need to mark down as well.")
⏲ 1:9 👁 4.6M
_ways-retirees-can-defuse-a-retirement-savings-tax-bomb.jpg "There’s an easy and effective way savers can minimize the damage of a retirement tax bomb. It all starts with making one simple shift in your retirement savings contributions.")
⏲ 3:0 👁 6.3M
_tangentyere-council-facing-backlash-over-ceos-absence-in-community-matters.jpg "A First Nations controlled organisation paid tens of millions of dollars to help improve social issues in Alice Spring. But has comes under fire for allegedly failing to deliver services adequately, and for allowing a convicted domestic violence offender to sit on its board. As another bout of social unrest continues in Alice Springs the Tangentyere council CEO has remained silent and has declined to meet with local government and other stakeholders.")
⏲ 2:2 👁 3.5M
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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.")
_gravesend-businesses-struggling-a-month-on-from-tilbury-ferry-closure.webp "Kent County Council and says it's working hard to secure its future.")
_wolverhampton-council-local-elections-count.webp "Express & Star senior reporter James Vukmirovic brings all the action from the local elections count at WV Active Aldersley for the Wolverhampton Council local elections")
_sheffield-elections-2024-ones-to-watch.webp "Sheffield City Council could well remain under No Overall Control once all is said and done.<br/><br/>However, this doesn't mean today's results will be a snooze-fest.<br/><br/>The Star's Harry Harrison picks out five wards - including Crookes & Crosspool, Hillsborough and Walkley - for you to watch for some interesting storylines.")
_banned-from-parking-vintage-motorhome-on-driveway.webp "A fuming dad has been banned from parking his vintage motorhome on his own driveway – after council bosses said it was \")
![Leeds boxer, Ellis, 23, wowed Claudia Winkleman, Mika and Lang Lang with his magical rendition of Chopin’s Ballade No.4 at Manchester Piccadilly train station for the second instalment Channel 4’s The Piano.<br/><br/>Ellis learnt to play the musical instrument through schemes from the local council, and likened boxing to playing the piano.<br/><br/>He said: “The discipline you need [for boxing] is very similar to what you need for the piano. You need to be so willing to leave your ego outside to grow and get better.”](https://cdn4.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KEQu1LGSwD0V0BGuFMUuuBP9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_boxer-pianist-wows-judges-on-channel-4s-the-piano.webp "Leeds boxer, Ellis, 23, wowed Claudia Winkleman, Mika and Lang Lang with his magical rendition of Chopin’s Ballade No.4 at Manchester Piccadilly train station for the second instalment Channel 4’s The Piano.<br/><br/>Ellis learnt to play the musical instrument through schemes from the local council, and likened boxing to playing the piano.<br/><br/>He said: “The discipline you need [for boxing] is very similar to what you need for the piano. You need to be so willing to leave your ego outside to grow and get better.”")
_pakistan-lodges-un-complaint-accuses-india-of-targeted-attacks-by-39unknown-men39124-oneindia-news.webp "Pakistan accuses India of \")
_man-could-of-been-killed-by-tree-in-his-own-garden-in-sedley.webp "A man who lives in Sedgley has found for the second time a giant branch has fallen from a tree, that is on a footpath at the bottom of his garden. The first time it crushed his greenhouse, this time it very nearly hit him. According to the council the land is owned by The Earl of Dudley.")
_purchase-of-former-bampm-building.webp "The former B&M building in Boston, now owned by Boston Borough Council.")
_mark-these-important-may-finance-dates-on-your-calendar.webp "Many people think of April as a major month for finances because it’s the time of the year that most Americans do their taxes – but experts say there are some pretty important dates in May that you need to mark down as well.")
_ways-retirees-can-defuse-a-retirement-savings-tax-bomb.webp "There’s an easy and effective way savers can minimize the damage of a retirement tax bomb. It all starts with making one simple shift in your retirement savings contributions.")
_tangentyere-council-facing-backlash-over-ceos-absence-in-community-matters.webp "A First Nations controlled organisation paid tens of millions of dollars to help improve social issues in Alice Spring. But has comes under fire for allegedly failing to deliver services adequately, and for allowing a convicted domestic violence offender to sit on its board. As another bout of social unrest continues in Alice Springs the Tangentyere council CEO has remained silent and has declined to meet with local government and other stakeholders.")
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