5 Common Mistakes to Avoid in Estate Planning for Small Business Owners
Mistakes in estate planning can be disastrous for small business owners and their families.
At Borakove Osman LLC, our attorneys have the insight and determination to see that our clients avoid the pitfalls. We have extensive experience assisting clients throughout Wisconsin with both personal estate planning and planning...
Farm Continuation Planning: Ensuring the Future of Your Agricultural Legacy
At Borakove Osman LLC, we understand the unique challenges and opportunities that come with owning and operating a farm. It's not just a business; it's a way of life. That's why farm continuation planning is essential to ensure the future of your agricultural legacy. With our extensive experience in estate planning...
How Do You Plan a Family Farm Transition?
Planning a family farm transition requires careful planning, foresight, and informed legal assistance. For many Wisconsin residents, farming is not just a profession but a way of life, passed down through generations. At Borakove Osman LLC, an accomplished estate and farm continuation planning practice in Madison, we understand the importance of preserving...
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...
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,...
Asset Protection Strategies for Medicaid Planning
If you are ready to get started implementing asset protection strategies for Medicaid planning in Wisconsin, Borakove Osman LLC is the place to call. Our experienced estate planning attorneys have an in-depth understanding of federal and state law and well-developed asset protection strategies to help you safeguard your estate from any eventualities....
The Importance of Business Succession Planning for Family Businesses
In Wisconsin, where farms and other family businesses are the lifeblood of the local economy and culture, business succession planning is indispensable as the process through which both business longevity and family heritage are protected. At Borakove Osman LLC, we specialize in converting the complex maze of business succession into a...
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...