Why Every Small Business Owner Needs a Succession Plan
Wisconsinites are entrepreneurial. Small businesses in Wisconsin account for 99.4 percent of the state's businesses. These business owners know that running a small business takes dedication, hard work, and vision toward the future. Whether it’s a family business or something you’ve built from the ground up, planning...
7 Benefits of Preparing a Will in Wisconsin
Procrastination is real for a lot of people. In fact, studies show that around 20% of adults procrastinate chronically. When it comes to preparing a will, many people kick that can down the road for many reasons, like “I’m too young,” or “I don’t need one.” This thinking...
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
Most people don’t grow up dreaming of becoming a trustee. Unless you’re a professional fiduciary, it’s not a job you apply for—it’s something you’re called to do, sometimes unexpectedly, and it usually shows up in a pretty emotional moment. Then you’re supposed to figure it out as you go.
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...