How Can You Pass Your Farm to the Next Generation?
For many Wisconsin farmers, their land and business are more than just assets—they are a way of life and a family legacy. Ensuring a smooth transition of your farm to the next generation requires careful planning and legal guidance. At Borakove Osman LLC, we are a premier firm of farm continuation...
Spring Into Action: Why Now is the Time to Create a Living Will
It is said that life is what happens when you’re busy making plans. Or, not making plans as we too often see in our line of work. We get it—no one wants to think of end of life issues or living wills. But one of the most important steps you can take...
Duties of a Trustee in Wisconsin
Being chosen to serve as a trustee is an important responsibility, and it’s essential to understand exactly what that role entails. Imagine you’ve been named as a trustee in Wisconsin. In that case, you are tasked with managing the trust, ensuring everything runs smoothly, and ensuring the beneficiaries’ best interests are kept...
What Should Be Included in a Living Will?
Planning for the future isn’t always easy—especially when it involves decisions about medical care in situations where you might not be able to speak for yourself. A living will can help. This legal document outlines your preferences for medical treatment if you become incapacitated, ensuring your health care choices are respected even...
What Are the Essential Estate Planning Documents?
Life can take unexpected turns. A sudden illness, an accident, or even the natural progression of aging can leave families scrambling to make critical decisions without clear guidance. Without proper estate planning, these moments can quickly become overwhelming, leading to confusion, legal battles, and emotional strain.
Estate planning...
When Should You Start Planning for Elder Care?
It’s a conversation many families avoid until they’re forced to have it. A sudden medical crisis or a noticeable decline in a loved one’s ability to manage daily tasks often leaves families scrambling to make decisions about elder care. Planning for elder care, however, is far more effective when done early and...
Why Is January the Perfect Time to Start Estate Planning?
As 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,...
7 Estate Planning Tips for Small Business Owners
As a small business owner in Wisconsin, you’ve worked hard to build and grow your company, and it’s essential to ensure that your legacy and financial future are secure. Estate planning is an often-overlooked aspect of business management, but it is crucial for safeguarding your personal and professional assets. Proper planning can...
Minimizing Family Conflict in Estate Planning: Tips for a Harmonious Transition
Creating an estate plan is more than a financial or legal process—it’s a way to preserve your family’s harmony and legacy for generations to come. Without careful planning, disputes can arise over the distribution of assets, leading to strained relationships and costly legal battles. Here are practical tips to help ensure your...
Choosing Between a Family Limited Partnership and an LLC
When it comes to managing family assets or businesses, the choice of legal entity is crucial. Family Limited Partnerships (FLPs) and Limited Liability Companies (LLCs) are two popular options for estate planning, asset protection, and efficient wealth transfer. While both structures offer distinct advantages, the best choice depends on your family’s goals...