We are honored to have worked with so many unbelievable families this year in protecting and preserving their nest eggs for the next generation. Have a wonderful EASTER weekend from the law firm of Borakove Osman LLC!
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 [...]
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 [...]
I.D.G.T. - INTENTIONALLY DEFECTIVE GRANTOR TRUST Perhaps one of the most unfortunate vocabulary choices in the estate planning field lies with the “Intentionally Defective Grantor Trust,” or IDGT. While the use of the term defective may cause clients to cringe, there is nothing to fear about the IDGT’s legality or effectiveness. Let’s analyze [...]
Learn the answers to many common estate planning questions below. […]
Press-Release-Announcing-Estate-Planning-Awareness-Week
Certain irrevocable trusts are great this year for those concerned with the potentional lost tax/estate/asset protection planning opportunities closing at the end of 2012.
Chris Dunn, owner and founder of BirdDog graphics, print, & packaging LLC just delivered our personalized Estate Planning binders. Exceptional quality! Even better client/customer service!
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 [...]