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 MoreWhen it comes to protecting your health, home, and savings, timing matters. Early elder law planning gives you control over your future, helps you avoid last-minute crises, and can save thousands in long-term care costs. With the right plan in place, you can make informed decisions about your care, preserve what you’ve worked for, and…
Read MorePlanning for the future isn’t just something for older adults or the wealthy. Estate planning is an important tool for anyone who wants protection for their family, their assets, and their wishes. In Wisconsin, creating an estate plan involves more than just drafting a will—it includes legal documents that work together to carry out your…
Read MoreNavigating the estate planning complexities in blended families can be challenging. Couples and individuals face unique challenges, such as treating biological and stepchildren fairly, how to divide co-owned property, and protecting family businesses and wealth. Working with a Wisconsin estate planning lawyer to develop estate planning strategies for blended families can help avoid family conflict….
Read MoreIn just over a decade, cryptocurrency has gone from an obscure concept to a mainstream investment. Bitcoin, Ethereum, and other digital currencies are now part of many personal portfolios, and their unique nature means they must be handled differently in estate planning. At Borakove Osman LLC, we help Wisconsin clients understand how to protect and…
Read MoreGifting your cabin in Wisconsin during your lifetime is a generous act that can reduce the value of your estate for estate tax purposes. However, before you gift a cabin to someone, you must consider other tax implications associated with gifts. In this blog, our Madison & Dane estate planning attorneys explain the tax implications…
Read MoreWisconsinites know that our farms are so much more than businesses, but instead are unique entities built through years of dedication, stewardship, and hard work. Founding father Thomas Jefferson famously said “Agriculture is our wisest pursuit, because it will in the end contribute most to real wealth, good morals & happiness.” High praise indeed. At…
Read MoreLife can be unpredictable. An unexpected accident or serious illness can leave you unable to make decisions about your finances, health care, or personal affairs. While we all hope to avoid these situations, preparing for the unexpected is an important part of protecting yourself and your loved ones. Without a plan, those closest to you…
Read MoreAs the start of a new year, January offers a fresh beginning, making it the ideal time to focus on long-term goals, including estate planning. For many people, the thought of creating an estate plan may seem overwhelming or unnecessary, especially when life feels busy or there are other financial priorities. However, starting your estate…
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