How Your Farm is Valued in Farm Succession Planning
Farms aren't just pieces of land; they're livelihoods, legacies, and the bedrock of communities. In the state of Wisconsin, farming is more than an industry; it's a way of life. When it comes to ensuring the seamless transition of a cherished farm from one generation to the next, proper valuation is a...
The 7-Step Business Succession Planning You Need
Small and large businesses alike would do well to use business succession planning to keep their operations strong during management and ownership changes. With that in mind, company leaders should seek pertinent guidance from experienced counsel to identify and address any legal concerns that arise during the process.
The Role of Powers of Attorney in Estate & Business Planning
Power of attorney (POA) ensures that your financial, legal, and health-related needs will be taken care of if you are unable to manage them yourself. It also ensures that, in a crisis, someone you trust will have the authority to meet your responsibilities to your family. At Borakove Osman LLC, our...
Estate Planning vs. Succession Planning
At Borakove Osman LLC in Madison, Wisconsin, we recognize that planning for the future involves understanding the distinct roles of estate planning and succession planning. While both involve strategies essential in ensuring continuity and securing your legacy, they are designed to meet different needs.
Estate planning primarily concerns...
What Are the Key Components of a Comprehensive Estate Plan?
Estate planning is essential for everyone, regardless of the size of their estate or their stage of life. The capable attorneys of Borakove Osman, LLC in Madison have extensive experience providing estate planning services for clients throughout Wisconsin. We are committed to ensuring that our client’s assets are protected and will be...
How to Choose the Right Executor for Your Estate
Choosing the right executor (aka personal representative) for your estate is a crucial decision in the estate planning process. This individual will be responsible for ensuring that the stipulations you've made in your carefully crafted estate plan are carried out according to your wishes. This person will be in a fiduciary...
Trust vs. Will: Which Is Better for Your Needs?
When planning your estate, deciding between a will-based plan and one that is trust-based is a serious matter that will have a variety of consequences. For this reason, it is essential that you consult with an estate planning attorney with specific knowledge of both wills and trusts and the pros and cons...
5 Common Mistakes to Avoid in Estate Planning for Small Business Owners
Mistakes 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...
Farm Continuation Planning: Ensuring the Future of Your Agricultural Legacy
At 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...
How Do You Plan a Family Farm Transition?
Planning a family farm transition requires careful planning, foresight, and informed legal assistance. For many Wisconsin residents, farming is not just a profession but a way of life, passed down through generations. At Borakove Osman LLC, an accomplished estate and farm continuation planning practice in Madison, we understand the importance of preserving...