Stepped-up basis is an incredible benefit to people who inherit property.  Not only do they receive the property itself, the basis or cost value of the property becomes the fair market value at the time of the decedent’s death.  This avoids recognizing the gain between the decedent’s cost and what it is worth when it […]

The question is “financially speaking, are you better off owning than renting in the long term?” Renting a home has advantages.  It is usually a short-term commitment from year to year and the landlord is responsible for the repairs. Owning a home with today’s low mortgage rates, the total house payment could easily be less […]