Estate Planning Attorneys Belshaw : Probate & Elder Law Attorneys in Belshaw, IN

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Estate Planning, Probate & Elder Law Belshaw, Indiana

Belshaw Estate Planning & Probate Attorneys

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John M. O'Drobinak, P.C.

TEL (219) 738-2292 |  Crown Point, IN

John M. O'Drobinak has practiced law in Lake County, Indiana, since 1960. He graduated cum laude from the University of Notre Dame in 1957, earning a Bachelor of Business Administration Degree, and re...(more)



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ESTATE PLANNING, PROBATE & ELDER LAW NEWS

» Boomsday and the Estate Tax

I first became a Christopher Buckley fan in 1995, when I read Thank You For Smoking. Mr. Buckley is a satirist of the first order, and usually turns his eye to Washington politics (his father is William F. Buckley). I recently picked up a copy of Mr. Buckley's most recent novel, Boomsday, which focuses on the coming entitlement crisis. The main character, Cassandra Devine, is a blogger(!) who suggests legislation encouraging Baby Boomers (also referred to here as "The Ungreatest Generation") to take part in "voluntary transitioning" (i.e. suicide). What's in it for the Boomers?

[Ms. Devine's mentor, Terry Tucker:] "You offer people tax breaks. To kill themselves. At age seventy."

[Ms. Devine:]"More if they Transition at sixty-five. Yes, a package of incentives. Free medical. Drugs -- all the drugs you want. Boomers love that kind of pork. The big one is no estate tax. Why leave it to Uncle Sam when you can leave it to the kids? That'll get the kids on board. Terry, listen to me. I ran the numbers. By my calculations, if only twenty percent of seventy-seven million Baby Boomers go for it, Social Security, Medicare, Medicaid will be solvent. End of crisis. Tell me that's not worth debating."

»  Budget So You Never Go Broke
Your job pays peanuts and living costs are through the roof, but a good budget can help you get a handle.

» Premarital Agreements and Other Areas of Law

Premarital agreements are hard to draft because they can deal with various areas of law. Estate planning and family law are the two biggies, but many different areas of property law can be affected. For instance, I recently was working on a premarital agreement, and the other attorney suggested that, if my client made contribution to his own retirement plan during his marriage, he had to make an equal contribution to his wife's retirement plan. Luckily I realized that the contribution limits for my client's retirement plan (a 401k) and his wife's plan (IRA) were not the same, so we were able to change the language in time. This is one of the reasons why I like working with a non-estate planner on a prenup, and if possible working collaboratively -- we can review the agreement from many different perspectives to make sure it "works."

» Citi cuts estimates on investment banks

»  Seven Steps To Saner Savings
Congress just keeps creating new accounts, new rules and new traps.