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Posts from November 2011.
Posted in Womens Forum

It’s award season, people, and we aren’t talking about the Oscars! Each winter, the legal community recognizes local judges, attorneys, and firms for their contributions to the community and to the profession.

A Reputation for Excellent Pro Bono Service

Last year, Bingham Greenebaum Doll was recognized by the IBA as the Pro Bono Firm of the Year. Women’s Forum members Meg ...

Bingham Greenebaum Doll attorney Tonya Vachirasomboon was recently profiled in The Indianapolis Star’s “Rising Star” column. The article focuses on the path she has followed to arrive at her current legal career. It also highlights her early dream of owning her own dance studio, her transition from school to practicing law and the importance of her mentors along the way. An ...

Recognizing Big Opportunities and Navigating a Complex Federal Approval Process

During a trip to China with Governor Mitch Daniels in 2008, a member of Beijing’s Chamber of Commerce asked Roy Budd about the federal EB-5 program. Budd is the founder and executive director of economic development group Energize-ECI in Muncie, and “EB-5” was not a term with which he was familiar ...

On behalf of Bingham Greenebaum Doll, I would like to congratulate client Jasper Engines & Transmissions, which was recently recognized by the Indiana Minority Supplier Development Council (IMSDC) as the winner in the category of ‘Largest MBE Spend by a Local Corporate Member.’ The award was announced at the IMSDC’s 35th Annual Dinner Celebration, which was attended by more ...

Posted in Estate Planning

Congress unexpectedly passed a law that significantly increased the ability of the affluent to transfer wealth to loved ones, effective Dec. 17, 2010. Prior to the law, a person could give up to $1 million during life (in addition to the ability to make annual gifts of up to $13,000 that do not count toward the lifetime limit). For a married couple, $2 million could be gifted during life (in ...

Bingham Greenebaum Doll partner Melissa Ford and attorney Kevin Dawson were recently profiled in The Indiana Lawyer for their successful mentor/mentee relationship. The article focused on mentor/mentee relationships across generations, and looked at the relationship that Melissa and Kevin have fostered. According to the Indiana Lawyer article, younger lawyers in the ...

Posted in Government

As first appeared Nov. 15, 2011, on the International District Energy Association WebsiteIRS finding allows depreciation up to 70% faster than comparable property

In a major win for district cooling systems, the Internal Revenue Service found in a private letter ruling that a district cooling system could be depreciated over seven years. The IRS issued the private letter ...

Despite news reports, a recent Indiana Court of Appeals decision will not expand on an employee’s leave entitlement.  Employers do not have to offer employees more leave time for verified emergencies or personal or family health issues as a result of the recent Court opinion. However, employers should be aware of the potential for unemployment insurance claims under no-fault ...

Posted in Estate Planning

On behalf of Bingham Greenebaum Doll, I would like to recognize our good friend Christel DeHaan on her dedication to the Indianapolis educational community and the recent story that aired on WRTV6 recognizing her exemplary work. A preview of the story and video interview is below. Thank you, Christel, for sharing your passion with Indianapolis. We are proud to support your efforts!

Indiana has recognized that shareholders in a closely-held corporation, like partners in a partnership, have a fiduciary duty to each other. 

Under Indiana law, this duty requires that they deal fairly, honestly and openly with each other and the corporation. To date, Indiana has only imposed liability on a fiduciary who breaches his/her fiduciary duty.  However, other states have ...

Posted in Litigation

On Nov. 2, the Bingham Greenebaum Doll Women’s Forum hosted a special VIP reception for friends and clients of the firm prior to the opening of the Junior League of Indianapolis’s annual Holiday Mart.

Posted in Estate Planning

Many couples contemplating divorce today ask, what makes collaborative divorce different from traditional divorce litigation?  In a previous blog post, I briefly explained collaborative divorce, a relatively new alternative to the traditional process of divorce, and provided an overview of why many couples choose this form of dispute resolution.  But what separates ...

The Internal Revenue Service announced the cost-of-living adjustments applicable to the dollar limitations for retirement plans for the 2012 tax year. Many (but not all) of the limitations have changed for 2012 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment.

The clean energy industry is growing rapidly, and a reasonable amount of tax motivated equity, including new markets tax credit and investment tax credit financing, is available for clean energy project finance, albeit not as in years past and at higher returns. Finding the right opportunity can be a difficult task for seasoned investors, and even more so for those new to this asset ...

On Oct. 4, 2011, the Indiana Department of Environmental Management released for public comment the draft Remediation Program Guide. It serves as the partner document to the draft Remediation Closure Guide released for public comment in May 2011. The draft RPG provides information regarding how IDEM intends to administer the investigation, remedy selection and closure of ...

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