What Are the Essential Estate Planning Documents?
Life can take unexpected turns. A sudden illness, an accident, or even the natural progression of aging can leave families scrambling to make critical decisions without clear guidance. Without proper estate planning, these moments can quickly become overwhelming, leading to confusion, legal battles, and emotional strain.
Estate planning...
7 Estate Planning Tips for Small Business Owners
As a small business owner in Wisconsin, you’ve worked hard to build and grow your company, and it’s essential to ensure that your legacy and financial future are secure. Estate planning is an often-overlooked aspect of business management, but it is crucial for safeguarding your personal and professional assets. Proper planning can...
Minimizing Family Conflict in Estate Planning: Tips for a Harmonious Transition
Creating an estate plan is more than a financial or legal process—it’s a way to preserve your family’s harmony and legacy for generations to come. Without careful planning, disputes can arise over the distribution of assets, leading to strained relationships and costly legal battles. Here are practical tips to help ensure your...
Why Is It Important to Update Your Estate Planning?
There are many reasons you should plan to review your estate plan on a regular basis to keep it current, but the overriding reason is that life is always changing and you have to keep pace to protect your assets, your future, and your loved ones. At Borakove Osman LLC, our...
Estate Planning for High-Net-Worth Individuals: Unique Challenges and Solutions
At Borakove Osman, LLC, our Wisconsin estate planning attorneys have the knowledge and skill to help all of our clients create estate plans that address their specific needs, goals, and dreams for the future. Because we have a diverse clientele, we always make it a point to zero in...
The Role of Powers of Attorney in Estate & Business Planning
Power of attorney (POA) ensures that your financial, legal, and health-related needs will be taken care of if you are unable to manage them yourself. It also ensures that, in a crisis, someone you trust will have the authority to meet your responsibilities to your family. At Borakove Osman LLC, our...
What Are the Key Components of a Comprehensive Estate Plan?
Estate planning is essential for everyone, regardless of the size of their estate or their stage of life. The capable attorneys of Borakove Osman, LLC in Madison have extensive experience providing estate planning services for clients throughout Wisconsin. We are committed to ensuring that our client’s assets are protected and will be...
How to Choose the Right Executor for Your Estate
Choosing the right executor (aka personal representative) for your estate is a crucial decision in the estate planning process. This individual will be responsible for ensuring that the stipulations you've made in your carefully crafted estate plan are carried out according to your wishes. This person will be in a fiduciary...
Trust vs. Will: Which Is Better for Your Needs?
When planning your estate, deciding between a will-based plan and one that is trust-based is a serious matter that will have a variety of consequences. For this reason, it is essential that you consult with an estate planning attorney with specific knowledge of both wills and trusts and the pros and cons...
Estate Planning for Digital Assets: What Happens to Your Online Presence After You’re Gone?
In the digital age, we live parallel lives online, leaving behind a digital footprint that remains even after we pass away. From social media profiles to online banking, our digital assets have personal and familial value, so it is crucial that we protect them in the present and prepare for them to...