
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...
A New Year’s Resolution: Your Estate Plan
There is no better way to bring together a new year's resolution of health, wealth and family than estate planning.
The beginning of the new year is a time for resolution. People most often set New Year’s resolutions to focus on living a healthier lifestyle, like eating better, exercising more, or prioritizing their...
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Easter
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 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....
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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...
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Estate and Business Planning for Family Farms
The Meaning of Farm Continuation Planning by Attorney Shayna W. Borakove, BORAKOVE | OSMAN LLC. "Attorney Borakove speaks about her personal experience with her own family's farm and how continuation is the goal of succession."
Based on my own farm family, and having experienced the successful continuation of our family farm following the death...
Estate and Business Planning for Family Farms Continue reading…