Loading ...USA – IRS quietly changes rule on how your children’s inheritance is taxed – here’s what you need to know to avoid a shock bill
- The agency has curbed the tax break on a particular kind of trust that is often used to minimize capital gains taxes
- In the last decade, more families have begun utilizing ‘irrevocable’ trusts and the ruling will impact estate planning
- Americans have turned to irrevocable trusts to protect their assets from spend-down in order to qualify for Medicaid