BW INSIGHTS

Dental Associate: Your First Employment Contract

By Drew D. Larson | 09.06.2022
You’re getting ready to graduate dental school. Congratulations! After years of tests, labs, and working in the clinic, you are looking for the perfect job. Once you have secured a job offer, you are faced with a new challenge—the employment contract. Reviewing your employment contract can be intimidating and because you are so excited to have a... Read More

Considerations for Selling to an ESOP

By Cynthia Boyle Lande & Drew D. Larson | 08.18.2022
An employee stock ownership plan (ESOP) is an employee benefit plan that allows employees to share in the ownership of the company they work for. The shares are held in a trust, established by the company, for the benefit of participating employees. Generally, a company forms an ESOP which then purchases stock from the existing owner(s) at fair... Read More

IRS Issues Revised Revenue Procedure for Late Portability Elections

By Kirsten E. Johanson & Katheryn J. Thorson | 08.08.2022
On July 8, 2022, the IRS issued a revised Revenue Procedure, Rev. Proc. 2022-32, providing for a late portability election to qualifying estates. The new procedure extends the time period in which the simplified method to make a late portability election can be filed. Rev. Proc. 2022-32 allows the simplified method to be used on or before the... Read More

Estate Planning With Pets

By Robert D. Hodges & Katheryn J. Thorson | 08.04.2022
Who will care for your pet after you die? Can you appoint a guardian for your pet? Who will pay for your pet’s care? If you have a pet, these are questions you may have thought about. Fortunately, you can develop a plan for your pets in your estate plan. In Iowa, pets are treated as property under the law. This means that you cannot leave money... Read More

The EPA's Rule Withdrawal Impact on Environmental Due Diligence

By Ellen M. Hames & Karen L. Karr | 07.12.2022
Since our last post, “New ASTM Standard for Commercial Real Estate Phase I Environmental Site Assessments”, the Environmental Protection Agency (the “EPA”) withdrew its direct final rule to adopt the new ASTM E1527-21 standard for the EPA’s “All Appropriate Inquiry” rules. The “All Appropriate Inquiry” rules provide a framework under which a... Read More

Will v. Trust: What's the Difference and Which One is Right for You?

By Robert D. Hodges & Katheryn J. Thorson | 07.06.2022
You have probably heard of wills and trusts in the estate planning context, but what is the difference between the two? Both a will and a trust are used to distribute your assets upon your death. Both allow you to name beneficiaries to receive your assets and a fiduciary to control the distribution of your assets. However, there are some key... Read More

BrownWinick Attorneys Successfully Represent New Fashion Pork and BWT Holdings before the Iowa Supreme Court

By Jen E. Lindberg & James L. Pray | 06.30.2022
In a major development for the agricultural industry in Iowa, the Iowa Supreme Court affirmed the dismissal of a nuisance case and reversed a previous Supreme Court decision on constitutional grounds. BrownWinick attorneys James White, Jen Lindberg, and Jim Pray successfully represented New Fashion Pork and BWT Holdings before the Iowa Supreme... Read More

Who Should I Name as Guardian for my Minor Children?

By Robert D. Hodges & Katheryn J. Thorson | 06.17.2022
Naming a legal guardian is often the most important estate planning decision for people with minor children. When you become a parent, it is a good idea to have a will in place so you can name a legal guardian for your children if anything were to happen to you. Here are seven things to consider when choosing who to name as your children’s... Read More

New ASTM Standard for Commercial Real Estate Phase I Environmental Site Assessments

By Karen L. Karr & Ellen M. Hames | 05.17.2022
On November 1, 2021, the American Society of Testing and Materials (ASTM) International released its revised standards for conducting an environmental site assessment of a parcel of commercial real estate. The new standard updates the previous standard released in 2013. Now referred to as ASTM E1527-21, the ASTM standard is widely used to satisfy... Read More

One Step Closer to Hemp Production in Iowa

By Joe Leo & Christopher R. Sackett | 10.31.2019
Today, the United States Department of Agriculture (USDA) released its interim final rule for nationwide legal hemp production. This is an important step toward hemp production in Iowa. Hemp production took a hiatus in the U.S. when, in the 1970s, it was classified as controlled substance. That all changed in the 2018 Farm Bill which legalized... Read More

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