Using Trusts to Maintain Business Ownership Stability
Families who want to preserve long-term control of a closely held business often turn to trusts. A well-structured trust can keep ownership within the family, prevent disputes, and create a clear plan for how the business will transfer to future generations. By placing business interests in a trust, you can maintain continuity...
7 Differences Between a Trust and a Will
When planning your estate, you might wonder whether a trust or a will is the better choice. Both documents ensure your wishes are carried out, but they serve different purposes. The right option depends on your family’s needs, your financial situation, and how much privacy and control you want over your estate....
Duties of a Trustee in Wisconsin
Most people don’t grow up dreaming of becoming a trustee. Unless you’re a professional fiduciary, it’s not a job you apply for—it’s something you’re called to do, sometimes unexpectedly, and it usually shows up in a pretty emotional moment. Then you’re supposed to figure it out as you go.
What Are the Benefits of Preparing a Trust?
In Wisconsin, as throughout the U.S., trusts are a remarkably effective tool when it comes to estate planning. Although for some people the word “trust” conjures up an image of a mansion and a butler, at Borakove Osman, our dedicated attorneys use trusts for multiple purposes with a wide range of clients,...
International Skeptics Day: A Revocable Living Trust is Not….
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,"...