Navigating the Implication of IRS Revenue Ruling 2023-2 for Inheritance
The Internal Revenue Service (IRS) recently released Revenue Ruling 2023-2 for inheritance, creating waves among investors and advisors. This ruling affects estate planning, significantly impacting those using irrevocable trusts in their wealth management. IRS’s Stealth Shift In March 2023, the IRS subtly altered the tax rules regarding assets held in irrevocable trusts. Revenue Ruling 2023-2, […]