Wealth Management, Trust, Estate
and Farm Management services available
It helps to have someone who's been there and done that. See below.
(if you need a speaker for your group, give Mike a call)
Senior Vice President and Senior Trust Officer
Trust Services & Investment Management
Graduate of the University of Minnesota (BA) and University of Minnesota Law School (JD). Admitted to practice law in Iowa. Heads trust services and investment management for Iowa Savings Bank and serves as Senior Vice President and Senior Trust Officer. Former Chair (2008-09) and Council member of Probate, Property and Trust Section of the Iowa State Bar Association (2004-2010); Co-founder, officer and director of Iowa Academy of Trust and Estate Counsel (currently serves in both capacities); Governor appointed board member of Iowa Finance Authority (2011 – current); drafted Iowa's Uniform Principal and Income Act Unitrust amendment (HF 2539) endorsed by Iowa State Bar Association, adopted by the legislature, and signed by the Governor on April 5, 2002; Drafted SF 340 to eliminate consideration of expectancies and contingent trust interests in dissolutions that was passed by the Iowa legislature and signed by Governor Culver on May 9, 2007; President (2004-2005) and director (2002-09) of the Iowa Trust Association; Current President and director of the Carroll Foundation. Graduate of the ABA National Trust School and National Graduate Trust School held at Northwestern University and the University of Chicago Graduate School of Business. Certified Trust & Financial Advisor (C.T.F.A.)
conferred by Institute for Certified Bankers of the ABA in 2001. Author of COLI, BOLI, TOLI and "Insurable Interests" edited by Stephan R. Leimberg, 28 Estate Planning 7 (July 2001), RIA/Warren, Gorham & Lamont, NY; In Support of a Unitrust Distribution Concept (July 2000), Iowa State Bar Association Annual Meeting; monthly newsletter for estate planning and trust professionals; regular contributing author to Leimberg Information Services, Inc. (LISI), an electronic estate, employee benefits, and financial management electronic newsletter (www.leimbergservices.com); co-author of Employer Stock -- Time and Risk with Christopher Cook, July/August 2002 issue of the Journal of Retirement Planning, CCH Incorporated, Chicago, Illinois; Quoted in New Life for Old Trusts, November 2002; and, Spill Proof, September 2005, Bloomberg Wealth Manager, Bloomberg News, NY, NY; created and currently editing for LISI an interactive compilation of retirement plan exemption issues covering all 50 states written by leading law firms from each state - published May 2003; Insurable Interest Under Siege, published May 4th 2004 by LISI and republished by the Planned Giving Design Center on May 12, 2004; and, contributor with Natalie Choate and A. Stephen McDaniel to Rousey – Supreme Court gives Absolute and Total Bankruptcy/Creditor Protection to IRAs – NOT!, released April 5, 2005 by L.I.S.I.; created farm sale effects calculation module for commercial software; DeWolff Bites LaRue – Cert Granted in 401(k) Circuit Case in L.I.S.I.; Occasional opinion column for the Des Moines Business Record. Interviewed or quoted on financial topics by other publications including New York Times, Business Week, Forbes, Lawyers Weekly, Investment News, Financial Times, and the Wall Street Journal. Frequent lecturer for charitable groups, bar association seminars, corporations, and estate planning councils across Iowa. Speaking appearances include the annual 2003 seminar of the Probate, Property & Trust Section of the Iowa State Bar Association on September 26th at Hotel Fort Des Moines in Des Moines on trust and probate ethical issues; Financial Planning Association of Iowa 2003 Symposium at the University Park Holiday Inn in West Des Moines regarding exemption law on October 10th; presentations of Are Your Health Care Costs Going Through the Roof?, a detailed study of Health Savings Accounts and High Deductible Health Plans for presentation to attorneys, CPAs, and employers in 2005; Turning Your Donors into Investment Vehicles – Ethical Considerations and Legal Risks to Mid-Iowa Planned Giving Council in Des Moines on September 27, 2005; multiple presentations of Living Wills and other Advance Directives including the Iowa Trust Association 2005 annual meeting in Johnston; Iowa State Bar Association's annual Probate and Trust Seminar in West Des Moines on October 14, 2005, and Des Moines Estate Planners on October 2, 2006; Probate & Trust Law Legislation Update for Iowa Bar Association in Council Bluffs, IA on October 25, 2006; Insurable Interests at the 53rd Annual Spring Tax Institute, University of Iowa Law School on May 4, 2007 and at the annual fall conference of the Probate & Trust Section of the Iowa Bar Association on October 19, 2007 in West Des Moines; All-Star Views on Estate Planning – Key Practical Strategies to Maximize Wealth and Minimize Heartache in Des Moines on July 28, 2005; presentation of new trust and estate legislation and issues at the Annual Fall Probate Conference at the University of Iowa Law School in Iowa City on October 12, 2007; 2003 Annual Convention of the Financial Planning Association (more popularly known as the association for Certified Financial Planners – CFP®) at the Pennsylvania Convention Center in Philadelphia, Pennsylvania on modern trust design issues; and, Practical Compliance Solutions for Community Banks at the American Bankers Association annual Wealth Management and Trust Conference on March 8-10, 2006 in San Diego, California.
SELECTED SPEAKING APPEARANCES IN 2008/12 – University of Iowa Law School 54th Annual Spring Tax Institute on May 2 and 3 – α to Ω Financial Products; Iowa State Bar Association Annual Convention on June 18 to 20 – A Lawyers Guide to the Iowa's Prudent Investor Act; University of Iowa Law School Fall Probate Seminar on September 12, 2008 – Trust Work in a World That Has No Trust; Quad Cities Estate
Planners in Davenport on November 20, 2008 – Effect of Market Meltdown on Your Clients; and Cedar Rapids Professional Estate Planners in Cedar Rapids on January 19, 2009 – Planning for Assets that Pass Outside of Probate and Trust; University of Iowa Law School 55th Annual Spring Tax Institute on May 1 and 2, 2009 in Iowa City – ACTEC panel on Estate Planning For 2009 and After; The 136th Annual Meeting of the Iowa State Bar Association on June 24 to 26, 2009 in Des Moines – Tribute to Bob Cowie and Legislative Update; Iowa State Bar Association Solo & Small Firm Seminar July 22 to 24, 2009, Honey Creek Resort in Moravia – New Iowa Legislation; University of Iowa Law School 56th Annual Spring Tax Institute on April 30 and May 1, 2010 in Iowa City – Incentive Trusts; Iowa State Bar Association Solo & Small Firm Seminar August 5 to 7, 2010, Honey Creek Resort in Moravia – Trust Design Considerations; ISBA Probate & Trust Section Annual Seminar, October 22, 2010 in Des Moines and Mid-Iowa Planned Giving Council Fall Conference, October 26, 2010 in Des Moines - Federal Estate and Gift Taxes; Iowa State Bar Association Annual Convention, June 22, 2011 in Des Moines - Estate Planning after the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010; Iowa/Nebraska Solo & Small Firm Seminar, Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, Council Bluffs, July 29, 2011; Iowa State Bar Association Annual Trust & Probate Seminar, Portability – A Really Fast 15 Minutes; Opinion article for Des Moines Register, No Change Jeopardizes Jobs, Tax Revenue in Iowa, February 9, 2012; Des Moines Estate Planners, Rule Against Perpetuities in a Nutshell or Two, March 20, 2012, Des Moines; April 10, 2012 WHO radio interview on Rule Against Perpetuities; University of Iowa Law School 58th Annual Spring Tax Institute, May 5, 2012, ACTEC Panel Discussion, Iowa City; Iowa State Bar Association Annual Convention, A Discussion of Hot Topics in Probate, Trust, and Federal Transfer Tax Law, June 27, 2012 in West Des Moines; Iowa Farm Bureau legislative advisory board, Iowa's Rule Against Perpetuities and Pending Legislation, August 9, 2012, West Des Moines; Common Estate - Business - Succession Planning Issues, Co-presention with Steve Roy of the Des Moines law firm of Nyemaster, Goode, West, Hansell & O'Brien, P.C., sponsored by Iowa State University Center of Agricultural Law and Taxation (CALT), the Agricultural Law Section of the Iowa State Bar Association and the Iowa Farm Bureau on September 13, 2012 in Ames; The Rule Against Perpetuities Debate – A Monty Python Film Waiting to Happen, University of Iowa Law School Continuing Education, September 28, 2012 in Iowa City.
Fiduciary and investment management accounts hold assets that are:
NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE