The Importance of Business Succession Planning for Family Businesses
In Wisconsin, where farms and other family businesses are the lifeblood of the local economy and culture, business succession planning is indispensable as the process through which both business longevity and family heritage are protected. At Borakove Osman LLC, we specialize in converting the complex maze of business succession into a clear...
Financial Considerations When Passing Down the Family Farm
For many Wisconsin families, the farm is not just a business but a legacy, a testament to hard work, tradition, and commitment. Passing down the family farm to the next generation involves thoughtful financial and legal planning to ensure the transition is as smooth as possible. Borakove Osman LLC, as a Wisconsin...
Should I Set Up a Trust for My Child?
In many cases, yes. Setting up a trust for your child gives you control over how and when your child receives money, while protecting those assets from unnecessary risk.
If you are wondering, “Should I set up a trust for my child?”, the answer often depends on your goals,...
The Drawbacks of Digital Wills
Digital wills can seem like a fast, low-cost way to put a plan in place, but they often fall short of legal requirements and long-term planning needs. In many cases, relying on an online will can create confusion, delay, or even invalidate your wishes.
Why Avoid Digital Online...
What are the Benefits of Preparing a Will?
When is it right time to create a will? In most cases, the answer is now. As long as you are an independent adult with accumulated assets, getting in touch with a trustworthy estate planning attorney is not just a smart move; it’s an essential one. If you live in the state...
Have You Made Your Memorial Plans?
Discussing your memorial wishes is one of the more difficult aspects of estate planning. We find that it is often a part of a client’s estate planning that gets pushed aside to be discussed later. Loved ones just don’t want...
A New Year’s Resolution: Your Estate Plan
Estate Planning 101 | A Terminology Guide
This guide is intended to define certain terminology and explain structural concepts within an estate plan that may pop up during your own research or when talking with your estate planning attorney.
Probate and Last Will and TestamentIt is a common misconception of many...
International Skeptics Day: A Revocable Living Trust is Not….
The term "revocable" means that something is capable of being canceled, altered, &/or revoked. When someone creates a revocable living trust, let's refer to them as the "creator,"...