The only thing that is certain about the ag economy in 2020 is how uncertain it will be. Now is a good time for ag lenders to look at their portfolios to determine whether there are ways to button up their loan files to protect against that uncertainty. Please join the ag lending lawyers at Dickinson Law at noon CT on Wednesday, February 12th, 2020 as they present their annual webinar that covers a variety…
Dickinson, Mackaman, Tyler & Hagen has been ranked in the 2020 U.S. News – Best Lawyers “Best Law Firms” list regionally in 26 practice areas.   This list recognizes firms who exhibit professional excellence with impressive ratings from their clients and peers. Ranked firms are presented in tiers on a national and/or metropolitan scale.  Dickinson, Mackaman, Tyler & Hagen received the following rankings in the 2020 U.S. News – Best Lawyers “Best Law Firms”: Metropolitan Tier 1 Des Moines Banking…
Dickinson Law is pleased to announce that Andrea Rastelli has joined the firm. Andrea is a recent Juris Doctor graduate of the University of Iowa College of Law and holds a B.A. in International Relations and Latin American Studies from Lafayette College in Easton, Pennsylvania. Her legal training includes serving as an intern at John Deere Financial and Comcast Corporate, and as an extern at ACT where collectively she gained experience on issues such as…
Dickinson Law is pleased to announce that 19 of the firms’ attorneys have been selected for inclusion in the 2020 Edition of The Best Lawyers in America®.  Attorney F. Richard Lyford was also recognized by Best Lawyers® as the Litigation – Real Estate  “Lawyer of the Year” in Des Moines. Since it was first published in 1983, Best Lawyers has become universally regarded as the definitive guide to legal excellence and is the oldest and…
Dickinson Law is pleased to announce that 19 of the firms’ attorneys have been selected for inclusion in the 2020 Edition of The Best Lawyers in America®.  Attorney F. Richard Lyford was also recognized by Best Lawyers® as the Litigation – Real Estate  “Lawyer of the Year” in Des Moines. Since it was first published in 1983, Best Lawyers has become universally regarded as the definitive guide to legal excellence and is the oldest and…
In part one and part two of this three part series, I examined the basics of Crummey Trusts for bank trustees and discussed why beneficiaries should be notified of their right to withdraw. In this final portion I’ll examine the impact of recent tax law changes encouraging some settlors to abandon their Crummey Trusts prematurely. Late in 2017 President Trump signed Public Law 115-97, the federal budget for fiscal year 2018. Much has been written…
In part one and part two of this three part series, I examined the basics of Crummey Trusts for bank trustees and discussed why beneficiaries should be notified of their right to withdraw. In this final portion I’ll examine the impact of recent tax law changes encouraging some settlors to abandon their Crummey Trusts prematurely. Late in 2017 President Trump signed Public Law 115-97, the federal budget for fiscal year 2018. Much has been written…
My last blog, The Crummey Side of Trust Banking, examined the basics of the Irrevocable Life Insurance Trust. One of the administrative steps included was sending notice to the beneficiaries with a right to demand a disbursement after a gift. There are a myriad of consequences when a beneficiary decides to make a demand and that naturally leads to the question, “do you really have to send them a notice?” As a refresher, Crummey
My last blog, The Crummey Side of Trust Banking, examined the basics of the Irrevocable Life Insurance Trust. One of the administrative steps included was sending notice to the beneficiaries with a right to demand a disbursement after a gift. There are a myriad of consequences when a beneficiary decides to make a demand and that naturally leads to the question, “do you really have to send them a notice?” As a refresher, Crummey
This is the first in a series of three blogs dealing with bank trustee risk and Irrevocable Life Insurance (Crummey) Trusts. Crummey Trusts represent a disproportionate risk in a bank’s trust department. They contain few assets and many odd provisions. In this series of three blogs, I’ll examine the pitfalls of managing Crummey Trusts as a bank trustee and share some basic strategies to minimize the risk involved Irrevocable Life Insurance Trusts, also known as…