Rebecca N. Duffy
Becky is an attorney in the firm’s business division. She practices primarily in the Wills, Trusts, & Probate and Immigration departments. She also has litigation experience in insurance defense (workers’ compensation).
Wills, Trusts, and Probate
Becky counsels families and individuals, including executives, professionals, and business owners, to develop comprehensive estate plans to transfer wealth in the most tax-efficient manner, while also considering each client’s unique needs, including family dynamics.
Becky’s ambition as an estate planning attorney is to coordinate each client’s wealth transfer goals with the mechanisms available to achieve those goals. She is particularly interested in estate and contingency planning for young families and closely-held family businesses, including family farm operations. Becky’s tax and estate planning experience includes:
- Estate plans to make use of available estate, gift, and generation-skipping transfer (GST) tax exemptions and qualified disclaimers.
Planning for closely held business owners for business succession, buy-sell agreements, and deferred compensation arrangements.
Utilization of Family Limited Partnerships (FLPs) and discount valuation mechanisms to decrease gift tax liability.
Tax return preparation for individuals, estates, and trusts.
When no relatives are available to make decisions for elderly, disabled, or other individuals with limited mental capacity, Becky partners with care providers, often long-term care facilities, to draft the guardianship and conservatorship petitions so that the facility can make decisions for their resident.
In her estate planning practice, Becky drafts the following documents for clients:
- Wills inclusive of the appointment of guardians for minor children
- Revocable trusts
- Irrevocable trusts
- Healthcare power of attorney / medical power of attorney
- Financial power of attorney
Becky assists employers and foreign nationals with the permanent residency process and immigration petition work. In assisting with PERM Labor Certifications, Becky ensures that the complicated governmental paperwork is properly completed, and all supporting materials are provided, giving the employer the best chance possible to keep a vital member of their team.
City and Local Government
A growing area of Becky’s practice is in city and local government, Becky works with Iowa municipalities on various matters including reviewing ordinances, answering procedural questions, reviewing election preparation, reviewing contracts, and preparing legal memoranda for city councils.
Insurance Defense - Workers’ Compensation
Becky also has experience in insurance defense litigation, specifically in the area of workers’ compensation. Her work in the insurance industry and her understanding of risk assessment practices has provided her a great deal of insight when it comes to business planning, estate planning, and risk mitigation in all areas of her practice.
Presentations & Publications
- Probate Ethics, NBI Probate Bootcamp, April 2019
- Adjunct Professor, “Law Office Management,” Drake University Law School, Fall 2017
- “The Moral Hazard of Increased Deposit Insurance: What the 1980s Savings and Loan Crisis Can Teach Us About Responding to the Current Financial Crisis.” 59 Drake L. Rev. 559 (2011)