Understanding Beneficiary Designations and Estate Plans
Beneficiary designations are among the most powerful and most overlooked parts of an estate plan. When you name a beneficiary on a retirement account, life insurance policy, or payable-on-death account, that form usually controls who receives the asset at your death, even if your will says something different. If those designations are...
Do I Need an Estate Plan if I’m Young and Healthy?
Yes, even if you are young, healthy, and not thinking about end-of-life planning, an estate plan still matters. Estate planning is not just about age or illness. It is about control, legal clarity, and making sure decisions are handled the way you would want if something unexpected happens.
Many...
Essentials of a Last Will & Testament
It is said that nothing is certain in this life except death and taxes. A well-crafted last will and testament will help you meet that certainty head on and will protect your family and ensure your assets are distributed according to your wishes. The attorneys at Borakove Osman LLC have been...
Using Trusts to Maintain Business Ownership Stability
Families who want to preserve long-term control of a closely held business often turn to trusts. A well-structured trust can keep ownership within the family, prevent disputes, and create a clear plan for how the business will transfer to future generations. By placing business interests in a trust, you can maintain continuity...
Essentials of an Advance Medical Directive
Understanding the essentials of an Advance Medical Directive helps you take control of your future health care decisions. Wisconsin’s laws clearly define what must be included in these documents and how to make them valid. This page outlines the key elements, required forms, legal standards, and steps to create a legally enforceable...
5 Benefits of Early Elder Law Planning
When 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...
7 Differences Between a Trust and a Will
When planning your estate, you might wonder whether a trust or a will is the better choice. Both documents ensure your wishes are carried out, but they serve different purposes. The right option depends on your family’s needs, your financial situation, and how much privacy and control you want over your estate....
How Much Does Estate Planning Cost in Wisconsin?
Planning 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...
Modern Estate Planning Strategies for Blended Families
Navigating 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...
How To Choose the Right Successor for Your Wisconsin Business
Family-owned businesses make up about 32% of the businesses in Wisconsin. However, only about 40% of family businesses transition to a second generation, with only 13% of family-owned businesses being passed down to a third generation.
Unfortunately, without a detailed succession plan, family-owned businesses may not survive...