ThE-State of Planning

/ThE-State of Planning

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

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 [...]

Buy-Sell Agreements: 2 Strategies

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 [...]

Nothing is as UNcertain as the Election and Estate Taxes

Ever since the increase of the estate tax exemption to $5 Million (indexed for inflation in year, making the estate tax exemption $5.45M in 2016), the chatter with the estate tax has simmered. For those who have forgotten about the estate tax, in simple, albeit, incomplete terms, in 2016 you may give away $5.45M to any individual [...]

Borakove Osman LLC puts the “Elephant in the Room” on Display

Despite the many benefits of estate planning, families often put off planning so long that it becomes a dreaded topic-- the proverbial "Elephant in the Room." At Borakove Osman LLC, we help our clients confront the elephant, eliminate dread, and and dispell uncertainty.  At our firm, we put the elephant center stage. We believe that [...]