What Are the Tax Implications of Estate Planning for Business Owners?
If you are a business owner in Wisconsin, taxes are a major concern. At Borakove Osman LLC, we understand the unique challenges you face, especially when it comes to the intricacies of estate planning and its tax implications.
A well-structured estate plan can not only help you achieve your...
Business Succession Planning: How to Ensure a Smooth Transition to the Next Generation
All family businesses, from bustling urban enterprises to the heartland's farms, face the inevitable question of succession. At Borakove Osman LLC, we understand that this transition is not just about the business changing hands; it's about preserving a legacy, sustaining a family's livelihood, and honoring the hard work of generations. Our Wisconsin-based...
Talking to Your Family About Estate Planning During the Holidays
While some people may be skeptical about having serious conversations with family members during holiday celebrations, holiday gatherings may be the perfect time to share thoughts, feelings, and helpful information about the future for the following reasons:
Although some relatives may live at a distance from others,...
Why New Parents Should Consider a Trust for Their Child
Having a baby changes your perspective on everything, making you pay close attention to protecting your family. In addition to installing a baby monitor, testing the bath water temperature, and baby-proofing your home, it pays to think about your child’s long-term future. At Borakove Osman LLC in Madison, Wisconsin, our estate...
The Drawbacks of Digital Wills
In the wake of COVID-19, our country and the world have seen many changes. The world of estate planning has seen changes as well. Estate planning law firms saw an uptick of people wanting to get their legacies in order as they faced the uncertainty of the pandemic. And while more proactive...
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...