Tag: Personal Finance

Posted on 06/21/2020
Step-Up Basis and Real Estate
Image by Steve Buissinne from Pixabay Suppose you’ve inherited your parents’ longtime home. Suppose they paid $100,000 for it, and it’s now worth $300,000. Had they sold it while it was in their possession, they would have avoided paying capital gains tax due to the Taxpayer Relief Act of 1997. Now that it’s yours, has that tax avoidance...
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Posted on 08/04/2019
Organize Your Important Life Documents
The last thing your family needs is to have no idea where to find your important papers and last wishes when confronted with a sudden illness or death. No one wants to talk about these things but taking the time to organize your paperwork can give your loved ones true peace of mind when dealing with your estate....
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