If you are a business owner in Wisconsin, taxes are a major concern. At Borakove Osman LLC, we understand the unique challenges you face, especially when it comes to the intricacies of estate planning and its tax implications. A well-structured estate plan can not only help you achieve your goals and secure your future but…
Read MoreI.D.G.T. – INTENTIONALLY DEFECTIVE GRANTOR TRUST Perhaps one of the most unfortunate vocabulary choices in the estate planning field lies with the “Intentionally Defective Grantor Trust,” or IDGT. While the use of the term defective may cause clients to cringe, there is nothing to fear about the IDGT’s legality or effectiveness. Let’s analyze the…
Read MoreMistakes in estate planning can be disastrous for small business owners and their families. At Borakove Osman LLC, our attorneys have the insight and determination to see that our clients avoid the pitfalls. We have extensive experience assisting clients throughout Wisconsin with both personal estate planning and planning for business success. Aware that both types…
Read MoreAt Borakove Osman LLC, we understand the unique challenges and opportunities that come with owning and operating a farm. It’s not just a business; it’s a way of life. That’s why farm continuation planning is essential to ensure the future of your agricultural legacy. With our extensive experience in estate planning and a special focus…
Read MoreLong-term care planning, which may also be referred to as Elder Planning, is an important part of preparing for the future, especially as we age. This process involves considering various care options, such as in-home support, assisted living, or nursing home care, and understanding how these choices impact your life and finances. It’s about making…
Read MoreAll family businesses, from bustling urban enterprises to the heartland’s farms, face the inevitable question of succession. At Borakove Osman LLC, we understand that this transition is not just about the business changing hands; it’s about preserving a legacy, sustaining a family’s livelihood, and honoring the hard work of generations. Our Wisconsin-based estate and business…
Read MoreWhile some people may be skeptical about having serious conversations with family members during holiday celebrations, holiday gatherings may be the perfect time to share thoughts, feelings, and helpful information about the future for the following reasons: Moreover, the presence of multiple generations under one roof allows an inclusive family discussion, giving each person space…
Read MoreIn Wisconsin, where farms and other family businesses are the lifeblood of the local economy and culture, business succession planning is indispensable as the process through which both business longevity and family heritage are protected. At Borakove Osman LLC, we specialize in converting the complex maze of business succession into a clear path forward, addressing…
Read MoreThis guide is intended to define certain terminology and explain structural concepts within an estate plan that may pop up during your own research or when talking with your estate planning attorney. Probate and Last Will and Testament It is a common misconception of many clients that drafting a Last Will and Testament (“Will”) will…
Read MoreTogether we will work through the seven phases of Borakove Osman’s business succession process to get you and your company through the transition of ownership. We will also coordinate our efforts with your internal ownership group, controller, CPA and financial advisors to ensure that all legal, tax and financial aspects are both reviewed and acted…
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