Financial Steps to Take Before a Divorce

May 1, 2020By KROST Wealth
Financial Steps to Take Before a Divorce

Wise moves to make before things are finalized. Provided by Philip Clark, CFP® Before your divorce goes through, it would be wise to check up on financial matters. It would be better to assess the state of your financial life before the split rather than after. Find out where you stand financially. Beyond your salary Read the full article…

Explaining the Basis of Inherited Real Estate

July 11, 2019By KROST Wealth
Explaining the Basis of Inherited Real Estate

What is cost basis? Stepped-up basis? How does the home sale tax exclusion work? At some point in our lives, we may inherit a home or another form of real property. In such instances, we need to understand some of the jargon involving inherited real estate. What does “cost basis” mean? What is a “step-up?” Read the full article…