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_private-banks-iraq-mp4.jpg "private banks iraq.mp4 from capital one bank in richmond virginia")
⏲ 3:57 👁 425K
_driver-spots-39lucky39-white-moose-in-canada.jpg "A 'lucky' driver spotted a rare white moose in Canada.<br/><br/>Video filmed in Alberta shows the animal walking down a grass bank and crossing the road.<br/><br/>A brown moose follows shortly after - and both then walk into the woods together.<br/><br/>The driver said on X, formerly Twitter, that spotting the moose was a \")
⏲ 0:32 👁 985K
_inside-a-3646-million-renewable-energy-swindle.jpg "Rhino Onward International, or ROI as it called itself, launched in 2022 with some big promises. The renewables development firm claimed that its “proprietary process and technology” put it in position “to assume the leading role in Green Hydrogen production.” The company said it was building a green hydrogen plant in Arizona that would be worth about $530 million within 5 years, according to marketing materials it shared with investors.<br/><br/>ROI raised $31 million from over 200 investors but apparently only invested $200,000 in the business; the firm’s promoters Paul Croft and J.D. Frost diverted the rest of the investors’ money to themselves and entities they control, according to an investor lawsuit filed in Illinois last month, which cited bank records obtained through subpoenas. Beginning in 2021 until last year, Croft, a 42-year-old entrepreneur living in Chicago, and Frost, a 40-year-old accountant based in Chattanooga, Tennessee, raised approximately $46 million from a series of phony renewables investment schemes, which the pair used to live extravagantly, pay employees at their tax advisory business, pay down short-term loans and even lend money to embattled professional hockey player Robin Lehner, according to allegations in lawsuits, bankruptcy filings, former investors and ex-employees of Croft’s and Frost’s businesses who spoke with Forbes on the record, and others with knowledge of the matter who spoke on the condition of anonymity in order to speak about sensitive information.<br/><br/>0:00 Introduction<br/>0:28 The Founding Of Rhino Onward International<br/>3:34 Who Was Scammed By Croft And Frost?<br/>6:11 Who Are Croft And Frost?<br/>9:21 When Did Investors Figure Out The Scam?<br/>12:17 Embellishing Wealth And Origin Stories<br/>14:26 What's Next?<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/johnhyatt/2024/04/23/anatomy-of-a-46-million-renewable-energy-swindle/?sh=767c07c23c4b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
⏲ 15:41 👁 12M
_how-to-buy-a-small-business-with-no-money-down.jpg "Chelsea Mandel and her firm Ascension Advisory are on a mission to help small business buyers borrow a $17 billion a year tactic from private equity’s playbook known as sales leasebacks. But finding the right deal is nearly impossible.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/brandonkochkodin/2024/04/22/how-to-buy-a-small-business-with-no-money-down/?sh=30bace386bc8<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
⏲ 5:14 👁 2.4M
_international-criminal-court-considering-issuing-arrest-warrant-for-netanyahu.jpg "The International Criminal Court is probing Israel's actions in the West Bank and Gaza, independent of other cases at the International Court of Justice, such as South Africa's genocide claims against Israel in Gaza.")
⏲ 2:7 👁 4.5M
_worlds-first-jet-powered-amish-buggy.jpg "AN AMISH BUGGY that would normally be drawn by horses has been fitted with a turbo jet engine. “It’s like oil and water, they should not go together,” jokes its creator Chad Clark. The outrageous project, built by Chad Clark and Mike Monter of Millersburg, Ohio was originally meant to be something very different. “Mike and I were at our local county fair, I mentioned it would be really cool to build a turbine-powered four-wheel drive pulling truck,” Chad explained. But the auction description had misrepresented the engine as a turbo shaft engine. “I went home that night, found an engine online and bought it but didn’t realise it was not turboshaft, it was turbojet only,” Chad remembers. They ended up having to use a much lighter vehicle instead of the original truck. “We live in the Amish capital of the world so we figured an Amish buggy would be perfect,” Chad said. Co-creator Mike Monter told Future Studios Cars: “He called me up, said we’re not doing a pulling truck anymore, we’re doing an Amish buggy – seemed natural.” The build and modifications cost around $30,000 and took roughly 700 hours of labour to complete: “Many all-nighters,” Chad said. When out in public, people struggle to believe the bizarre creation actually works. “When people see the Thunder Buggy they can’t believe their eyes and the first question is, does it really move? Yes it does,” explained Chad. Traditionally, these buggies would have been moved by horses so this particular one is far from conventional. “The buggy is not designed to take 100 feet of electrical wiring, fuel tanks and a jet engine,” Chad admitted. With a top speed of 65 miles per hour before the wheels start shaking, this exhibition-only vehicle was not built for speed: “It’s a really simple engine design, it’s some pretty awesome engineering from back in the 40s,” explained Chad.")
⏲ 5:26 👁 6.1M
_we-took-day-trip-from-manchester-to-italy-because-it-was-cheaper-than-going-to-london.jpg "Savvy best friends flew to Pisa for a pizza and got back in time for work the next day - for less than the cost of a trip to London.<br/><br/>Morgan Bold, 27, spotted budget flights to and from Pisa, Italy, and decided to try an 'extreme day trip' so they would only need to use a single day of annual leave. She and best friend Jess Wooder, 26, booked day return flights and jetted off at 6am from Manchester Airport on April 24.<br/><br/>They had a full day of shopping, sightseeing and enjoying Italian cuisine and say it was less than the cost of a trip to the capital. Morgan, from Maghull, Liverpool, said the whole day set her back just £170 - including flights, airport parking, food and activities.<br/>")
⏲ 1:1 👁 665K
_billy-vunipola-tasered-twice-during-arrest-after-violent-incident-at-bar-in-majorca.jpg "England rugby international Billy Vunipola has been arrested after a violent incident at a pub in Majorca.The 31-year-old reportedly had to be tasered twice after police rushed to a bar called Epic in the island's capital Palma following calls from security staff.")
⏲ 0:43 👁 34.2M
_turkey39s-inflation-rate-surges-to-an-alarming-70-central-bank-implements-massive-50-rate-hike.jpg "Turkey's inflation rate accelerated to nearly 70% annually in April. This is the highest annual increase since November 2022, when it reached approximately 85%. Prices rose over 3% on a monthly basis, driven by increases in alcohol, tobacco, hotels, and restaurants. While high, the April inflation rate was lower than analysts' expectations. Turkey's central bank hiked rates to 50% to combat inflation, saying tight policy would continue until prices reliably declined. Analysts say inflation may fall in the second half of 2024 but are less optimistic about the pace of decrease.")
⏲ 0:40 👁 200K
_capital-1-coach-proud-despite-defeat.jpg "Capital 1 coach proud despite defeat<br/><br/>The Capital 1 Solar Spikers only had one win in the Premier Volleyball League (PVL) 2024 All-Filipino Conference. <br/><br/>Head coach Roger Gorayeb said that the team struggled this season due to their short preparation, but he is proud that they still put up a fight. <br/><br/>Capital absorbed a straight-set defeat from Cignal, 19-25, 17-25, 20-25, at the PhilSports Arena in Pasig on Saturday, April 27. <br/><br/>Team captain Jorelle Singh said that she is grateful to have the opportunity to play once again in the pro-league.<br/><br/>Video by Nicole Anne D.G. Bugauisan<br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe<br/> <br/>Visit our website at https://www.manilatimes.net<br/> <br/> <br/>Follow us: <br/>Facebook - https://tmt.ph/facebook<br/> <br/>Instagram - https://tmt.ph/instagram<br/> <br/>Twitter - https://tmt.ph/twitter<br/> <br/>DailyMotion - https://tmt.ph/dailymotion<br/> <br/> <br/>Subscribe to our Digital Edition - https://tmt.ph/digital<br/> <br/> <br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify<br/> <br/>Apple Podcasts - https://tmt.ph/applepodcasts<br/> <br/>Amazon Music - https://tmt.ph/amazonmusic<br/> <br/>Deezer: https://tmt.ph/deezer<br/><br/>Tune In: https://tmt.ph/tunein<br/><br/>#themanilatimes <br/>#philippines<br/>#volleyball <br/>#sports")
⏲ 1:15 👁 6.7M
_cignal-ends-pvl-2024-with-a-win.jpg "Cignal ends PVL 2024 with a win<br/><br/>The Cignal HD Spikers finished their Premier Volleyball League (PVL) 2024 All-Filipino Conference with a dominating sweep against Capital 1, 25-19, 25-17, 25-20, at the PhilSports Arena in Pasig City on Saturday, April 27.<br/><br/>Team captain Ces Molina scored 12 points against Capital 1 and admitted that as a team they fell short and they have to return stronger next season. <br/><br/>Cignal finished the conference with a 7-4 win-loss card, while Capital 1 only had one win in its column with 1-10.<br/><br/>Video by Nicole Anne D.G. Bugauisan<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe<br/> <br/>Visit our website at https://www.manilatimes.net<br/> <br/> <br/>Follow us: <br/>Facebook - https://tmt.ph/facebook<br/> <br/>Instagram - https://tmt.ph/instagram<br/> <br/>Twitter - https://tmt.ph/twitter<br/> <br/>DailyMotion - https://tmt.ph/dailymotion<br/> <br/> <br/>Subscribe to our Digital Edition - https://tmt.ph/digital<br/> <br/> <br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify<br/> <br/>Apple Podcasts - https://tmt.ph/applepodcasts<br/> <br/>Amazon Music - https://tmt.ph/amazonmusic<br/> <br/>Deezer: https://tmt.ph/deezer<br/><br/>Tune In: https://tmt.ph/tunein<br/><br/>#themanilatimes <br/>#philippines<br/>#volleyball <br/>#sports")
⏲ 0:52 👁 8.9M
_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 👁 3.8M
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_private-banks-iraq-mp4.webp "private banks iraq.mp4 from capital one bank in richmond virginia")
_driver-spots-39lucky39-white-moose-in-canada.webp "A 'lucky' driver spotted a rare white moose in Canada.<br/><br/>Video filmed in Alberta shows the animal walking down a grass bank and crossing the road.<br/><br/>A brown moose follows shortly after - and both then walk into the woods together.<br/><br/>The driver said on X, formerly Twitter, that spotting the moose was a \")
_inside-a-3646-million-renewable-energy-swindle.webp "Rhino Onward International, or ROI as it called itself, launched in 2022 with some big promises. The renewables development firm claimed that its “proprietary process and technology” put it in position “to assume the leading role in Green Hydrogen production.” The company said it was building a green hydrogen plant in Arizona that would be worth about $530 million within 5 years, according to marketing materials it shared with investors.<br/><br/>ROI raised $31 million from over 200 investors but apparently only invested $200,000 in the business; the firm’s promoters Paul Croft and J.D. Frost diverted the rest of the investors’ money to themselves and entities they control, according to an investor lawsuit filed in Illinois last month, which cited bank records obtained through subpoenas. Beginning in 2021 until last year, Croft, a 42-year-old entrepreneur living in Chicago, and Frost, a 40-year-old accountant based in Chattanooga, Tennessee, raised approximately $46 million from a series of phony renewables investment schemes, which the pair used to live extravagantly, pay employees at their tax advisory business, pay down short-term loans and even lend money to embattled professional hockey player Robin Lehner, according to allegations in lawsuits, bankruptcy filings, former investors and ex-employees of Croft’s and Frost’s businesses who spoke with Forbes on the record, and others with knowledge of the matter who spoke on the condition of anonymity in order to speak about sensitive information.<br/><br/>0:00 Introduction<br/>0:28 The Founding Of Rhino Onward International<br/>3:34 Who Was Scammed By Croft And Frost?<br/>6:11 Who Are Croft And Frost?<br/>9:21 When Did Investors Figure Out The Scam?<br/>12:17 Embellishing Wealth And Origin Stories<br/>14:26 What's Next?<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/johnhyatt/2024/04/23/anatomy-of-a-46-million-renewable-energy-swindle/?sh=767c07c23c4b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_how-to-buy-a-small-business-with-no-money-down.webp "Chelsea Mandel and her firm Ascension Advisory are on a mission to help small business buyers borrow a $17 billion a year tactic from private equity’s playbook known as sales leasebacks. But finding the right deal is nearly impossible.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/brandonkochkodin/2024/04/22/how-to-buy-a-small-business-with-no-money-down/?sh=30bace386bc8<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_international-criminal-court-considering-issuing-arrest-warrant-for-netanyahu.webp "The International Criminal Court is probing Israel's actions in the West Bank and Gaza, independent of other cases at the International Court of Justice, such as South Africa's genocide claims against Israel in Gaza.")
_worlds-first-jet-powered-amish-buggy.webp "AN AMISH BUGGY that would normally be drawn by horses has been fitted with a turbo jet engine. “It’s like oil and water, they should not go together,” jokes its creator Chad Clark. The outrageous project, built by Chad Clark and Mike Monter of Millersburg, Ohio was originally meant to be something very different. “Mike and I were at our local county fair, I mentioned it would be really cool to build a turbine-powered four-wheel drive pulling truck,” Chad explained. But the auction description had misrepresented the engine as a turbo shaft engine. “I went home that night, found an engine online and bought it but didn’t realise it was not turboshaft, it was turbojet only,” Chad remembers. They ended up having to use a much lighter vehicle instead of the original truck. “We live in the Amish capital of the world so we figured an Amish buggy would be perfect,” Chad said. Co-creator Mike Monter told Future Studios Cars: “He called me up, said we’re not doing a pulling truck anymore, we’re doing an Amish buggy – seemed natural.” The build and modifications cost around $30,000 and took roughly 700 hours of labour to complete: “Many all-nighters,” Chad said. When out in public, people struggle to believe the bizarre creation actually works. “When people see the Thunder Buggy they can’t believe their eyes and the first question is, does it really move? Yes it does,” explained Chad. Traditionally, these buggies would have been moved by horses so this particular one is far from conventional. “The buggy is not designed to take 100 feet of electrical wiring, fuel tanks and a jet engine,” Chad admitted. With a top speed of 65 miles per hour before the wheels start shaking, this exhibition-only vehicle was not built for speed: “It’s a really simple engine design, it’s some pretty awesome engineering from back in the 40s,” explained Chad.")
_we-took-day-trip-from-manchester-to-italy-because-it-was-cheaper-than-going-to-london.webp "Savvy best friends flew to Pisa for a pizza and got back in time for work the next day - for less than the cost of a trip to London.<br/><br/>Morgan Bold, 27, spotted budget flights to and from Pisa, Italy, and decided to try an 'extreme day trip' so they would only need to use a single day of annual leave. She and best friend Jess Wooder, 26, booked day return flights and jetted off at 6am from Manchester Airport on April 24.<br/><br/>They had a full day of shopping, sightseeing and enjoying Italian cuisine and say it was less than the cost of a trip to the capital. Morgan, from Maghull, Liverpool, said the whole day set her back just £170 - including flights, airport parking, food and activities.<br/>")
_billy-vunipola-tasered-twice-during-arrest-after-violent-incident-at-bar-in-majorca.webp "England rugby international Billy Vunipola has been arrested after a violent incident at a pub in Majorca.The 31-year-old reportedly had to be tasered twice after police rushed to a bar called Epic in the island's capital Palma following calls from security staff.")
_turkey39s-inflation-rate-surges-to-an-alarming-70-central-bank-implements-massive-50-rate-hike.webp "Turkey's inflation rate accelerated to nearly 70% annually in April. This is the highest annual increase since November 2022, when it reached approximately 85%. Prices rose over 3% on a monthly basis, driven by increases in alcohol, tobacco, hotels, and restaurants. While high, the April inflation rate was lower than analysts' expectations. Turkey's central bank hiked rates to 50% to combat inflation, saying tight policy would continue until prices reliably declined. Analysts say inflation may fall in the second half of 2024 but are less optimistic about the pace of decrease.")
_capital-1-coach-proud-despite-defeat.webp "Capital 1 coach proud despite defeat<br/><br/>The Capital 1 Solar Spikers only had one win in the Premier Volleyball League (PVL) 2024 All-Filipino Conference. <br/><br/>Head coach Roger Gorayeb said that the team struggled this season due to their short preparation, but he is proud that they still put up a fight. <br/><br/>Capital absorbed a straight-set defeat from Cignal, 19-25, 17-25, 20-25, at the PhilSports Arena in Pasig on Saturday, April 27. <br/><br/>Team captain Jorelle Singh said that she is grateful to have the opportunity to play once again in the pro-league.<br/><br/>Video by Nicole Anne D.G. Bugauisan<br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe<br/> <br/>Visit our website at https://www.manilatimes.net<br/> <br/> <br/>Follow us: <br/>Facebook - https://tmt.ph/facebook<br/> <br/>Instagram - https://tmt.ph/instagram<br/> <br/>Twitter - https://tmt.ph/twitter<br/> <br/>DailyMotion - https://tmt.ph/dailymotion<br/> <br/> <br/>Subscribe to our Digital Edition - https://tmt.ph/digital<br/> <br/> <br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify<br/> <br/>Apple Podcasts - https://tmt.ph/applepodcasts<br/> <br/>Amazon Music - https://tmt.ph/amazonmusic<br/> <br/>Deezer: https://tmt.ph/deezer<br/><br/>Tune In: https://tmt.ph/tunein<br/><br/>#themanilatimes <br/>#philippines<br/>#volleyball <br/>#sports")
_cignal-ends-pvl-2024-with-a-win.webp "Cignal ends PVL 2024 with a win<br/><br/>The Cignal HD Spikers finished their Premier Volleyball League (PVL) 2024 All-Filipino Conference with a dominating sweep against Capital 1, 25-19, 25-17, 25-20, at the PhilSports Arena in Pasig City on Saturday, April 27.<br/><br/>Team captain Ces Molina scored 12 points against Capital 1 and admitted that as a team they fell short and they have to return stronger next season. <br/><br/>Cignal finished the conference with a 7-4 win-loss card, while Capital 1 only had one win in its column with 1-10.<br/><br/>Video by Nicole Anne D.G. Bugauisan<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe<br/> <br/>Visit our website at https://www.manilatimes.net<br/> <br/> <br/>Follow us: <br/>Facebook - https://tmt.ph/facebook<br/> <br/>Instagram - https://tmt.ph/instagram<br/> <br/>Twitter - https://tmt.ph/twitter<br/> <br/>DailyMotion - https://tmt.ph/dailymotion<br/> <br/> <br/>Subscribe to our Digital Edition - https://tmt.ph/digital<br/> <br/> <br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify<br/> <br/>Apple Podcasts - https://tmt.ph/applepodcasts<br/> <br/>Amazon Music - https://tmt.ph/amazonmusic<br/> <br/>Deezer: https://tmt.ph/deezer<br/><br/>Tune In: https://tmt.ph/tunein<br/><br/>#themanilatimes <br/>#philippines<br/>#volleyball <br/>#sports")
_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.")
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