The term “Step Up Basis Loophole” refers to a provision in tax law that allows the cost basis of an inherited asset to be adjusted (stepped up) to its value at the time of the owner’s death. This provision can significantly reduce the capital gains tax owed when the asset is eventually sold by the Read more
Cash Return on Capital Invested (CROCI) is a financial metric that measures the cash flow a company generates relative to the capital it has invested in its business. It is a valuable tool for investors to assess the efficiency with which a company uses its capital to generate cash returns. Key Concepts in Cash Return Read more
A living trust, also known as a revocable trust, is a legal document created by an individual, known as the grantor, during their lifetime. This document allows the grantor to place their assets into the trust and manage them during their lifetime. Upon their death, the assets are transferred directly to the beneficiaries without going Read more