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Estate Planning 101 | A Terminology Guide

By |2022-07-12T21:55:21+00:00November 16th, 2022|Borakove Osman Newsroom, Borakove Osman Newsroom, Estate Planning, Estate Planning Blog, ThE-State of Planning|

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 Testament It is a common misconception of many clients that drafting a Last Will and Testament (“Will”) [...]

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International Skeptics Day: A Revocable Living Trust is Not….

By |2022-07-12T19:42:11+00:00October 13th, 2022|Borakove Osman Newsroom|

In celebration of International Skeptics Day, I will walk through what a Revocable Living Trust is not: A Revocable Living Trust is Not a Irrevocable Trust 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," they [...]

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Protecting Family Real Estate – Options and Considerations

By |2022-07-12T16:51:26+00:00July 12th, 2022|Borakove Osman Newsroom, Borakove Osman Newsroom, Business Planning, Elder Planning, Estate Planning, Estate Planning Blog, ThE-State of Planning|

Estate planning for Family Real Estate, including cabins, cottages, lake properties, a second home, or hideaway may present obstacles. Planning by the patriarch and matriarch is the best way to curtail family disagreement and keep the family memories pleasant.

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Well, There Goes Your Estate Plan | Impact of Proposed IRA Legislation on Estate Planning

By |2019-07-09T19:08:05+00:00July 9th, 2019|Borakove Osman Newsroom, Borakove Osman Newsroom, Estate Planning, Estate Planning Blog, ThE-State of Planning, Uncategorized|

Based on my news feed, and the sudden increase of emails forwarding me articles on this topic, interesting legislation on IRAs has caused many financial planners, clients and estate planning attorneys to review and potentially rethink how IRAs are coordinated with a client's estate plan. The link below will take you to an article posted [...]

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Buy-Sell Agreements: 2 Strategies

By |2017-03-22T15:56:45+00:00March 22nd, 2017|Borakove Osman Newsroom, Borakove Osman Newsroom, Business Planning, Estate Planning Blog, Family Farm Planning, Small Business Planning, ThE-State of Planning|

BUY-SELL AGREEMENT MECHANICS Stock Redemption vs. Cross Purchase  Stock Redemption Buy-Sell Agreement              Under a redemption arrangement, your Company agrees to redeem the shares/interest of a deceased owner at his death, and the owner agrees prior to death that his estate will transfer the shares back to the Company for an agreed-upon price. An advantage [...]

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