What Are the Benefits of Preparing a Trust?
In Wisconsin, as throughout the U.S., trusts are a remarkably effective tool when it comes to estate planning. Although for some people the word “trust” conjures up an image of a mansion and a butler, at Borakove Osman, our dedicated attorneys use trusts for multiple purposes with a wide range of clients,...
Estate Planning for High-Net-Worth Individuals: Unique Challenges and Solutions
At Borakove Osman, LLC, our Wisconsin estate planning attorneys have the knowledge and skill to help all of our clients create estate plans that address their specific needs, goals, and dreams for the future. Because we have a diverse clientele, we always make it a point to zero in...
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 You?
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...