Property, such as your home, held in an irrevocable trust 'that is not included in the taxable estate at death' will no longer receive a step-up in basis. Here’s why the wording of that is key. In March, 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
How Does NFT Taxation Work and How Much Does It Cost? makeuseof.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from makeuseof.com Daily Mail and Mail on Sunday newspapers.
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