Gift or Inherit Transferring the title of a home from one person to another may seem simple but it could have a significant tax implication.When a person inherits property, the basis is "stepped-up" to fair market value at the time of the decedent's death. On the other hand, a gift has a carry-o
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07/23/2012
If I'd Only Bought... We've probably all said or at least thought "if I knew then, what I know now, I would have done things differently." We should have stayed in school longer. We should have listened to our parents. We should have bought Apple stock in 2002 for $8.50 or gold in 2000 for $300.Y
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07/23/2012
Protect Yourself at HomeSometimes, we take it for granted and unfortunately, we do need to remain vigilant about things we do that could compromise our well-being. Here are a few tips you might want to consider. Everyone loves an inviting home including burglars. Make sure it loo
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07/23/2012
Which Value Do You Use? What your home is worth depends on why you ask the question. It could be one value based on a purchase or sale and an entirely different value for insurance purposes. Fair market value is the price a buyer and seller can agree upon assuming both are knowle
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07/23/2012
Single-Family Homes for Rentals Single-family homes used for rental property have distinct advantages over other types of investments. An investor can borrow 75-80% at fixed interest rates on appreciating assets with definite tax advantages and reasonable cont
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07/23/2012
Managing Insurance DeductiblesThe purpose of insurance is to shift the risk of loss to a company in exchange for a premium. Most policies have a deductible which is an amount the insured pays out of pocket before the insurance starts covering the cost of the loss. .In the process
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07/23/2012
