On February 3, 2021, the Iowa Court of Appeals issued an opinion in the case of Erwin v. Erwin, No. 19-1978 (Iowa Ct. App. Feb. 3, 2021). that involved a dispute between a father and son regarding the operation of their member/managed LLC. In 2012, the father and his spouse transferred title of farm ground owned by them into a LLC for estate planning purposes. The property was subject to a mortgage, however, the deed did not state that the transfer was subject to a mortgage. The father subsequently made a gift to his son of one-half of the membership
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