Welcome to the website of David J. Franks, Attorney at Law. With our law firm, your case will receive priority treatment, personalized care, and attention to detail. We have been serving the legal needs of our clients in Davenport, IA, Moline, IL, and the nearby areas since 1990. Whether your case requires the expertise of a probate lawyer, real estate lawyer, living wills attorney, or small business lawyer, we can provide the diligent legal services you need.
Our practice areas include small business law, estate planning, taxation protection, real estate law, and agricultural law. We provide a client centered approach that is tailored specifically to the needs of each case. As your estate planning lawyer, David J. Franks puts your best interests at the forefront throughout the planning of your estate. He has more than 20 years of experience providing estate planning services with efficiency and accuracy.
With the assistance of a knowledgeable wills and trusts attorney, you can have complete peace of mind knowing your property and family are legally safeguarded.
Our practice areas include small business law, estate planning, taxation protection, real estate law, and agricultural law. We provide a client centered approach that is tailored specifically to the needs of each case. As your estate planning lawyer, David J. Franks puts your best interests at the forefront throughout the planning of your estate. He has more than 20 years of experience providing estate planning services with efficiency and accuracy.
With the assistance of a knowledgeable wills and trusts attorney, you can have complete peace of mind knowing your property and family are legally safeguarded.
Services
Practice law for 24 years in assisting individuals and families in their estate and business planning.
Worked extensively with family businesses, small business, farmers and agri-businesses.
Prepared hundreds of wills and estate plans for individuals and families.
Transacted hundreds of commercial and residential real estate closings for both buyers and sellers.
Intermediary services for I.R.S. 1031 Like Kind Exchanges.
Represented many clients in contract and commercial litigation.
Worked extensively with family businesses, small business, farmers and agri-businesses.
Prepared hundreds of wills and estate plans for individuals and families.
Transacted hundreds of commercial and residential real estate closings for both buyers and sellers.
Intermediary services for I.R.S. 1031 Like Kind Exchanges.
Represented many clients in contract and commercial litigation.
Don't risk losing everything you spent a life time acquiring, David J. Franks has over 20 years of experience in "Estate Planning" we specialize in simplifying the process and assuring our client that all aspects and needs are addressed and proper filed.
With our firm you can rest easy knowing that when the time comes for these documents to be used they will perform exactly as outlined giving you and your family unprecedented legal protection assuring your every wish is fulfilled in a timely manner.
With our firm you can rest easy knowing that when the time comes for these documents to be used they will perform exactly as outlined giving you and your family unprecedented legal protection assuring your every wish is fulfilled in a timely manner.
When you sell a business or investment property you may have an overall gain, you generally have to pay tax on the gain at the time of sale.
IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain, if you reinvest the proceeds in similar property as part of a qualifying "like-kind" exchange.
Financial gains deferred in a like-kind exchange under a 1031 Exchange is tax-deferred, but it is not tax-free.
The 1031 exchange can include like-kind property exclusively, or it can include like-kind property along with cash, liabilities and property that are not like-kind.
IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain, if you reinvest the proceeds in similar property as part of a qualifying "like-kind" exchange.
Financial gains deferred in a like-kind exchange under a 1031 Exchange is tax-deferred, but it is not tax-free.
The 1031 exchange can include like-kind property exclusively, or it can include like-kind property along with cash, liabilities and property that are not like-kind.
There are many types of business and all of them offer advantages in different ways, at Franks & Roeder we can evaluate and determine the best path for your particular needs and life situation.
We have over 20 years' experience in making sure business' are setup properly to assure personal asset protection and achieve the best tax advantages for you.
We have over 20 years' experience in making sure business' are setup properly to assure personal asset protection and achieve the best tax advantages for you.
The Law firm of David J. Franks is a client-focused law firm, established in 1990.
David Franks and Katie Franks use a team approach to handle their client's legal needs.
Our focus is on Families, Small Business, and Individual's.
David has over 24 years' experience and concentrates his practice in Estate Planning - Wills, Trusts & Probate, Small Business Formations, and Agricultural Law with emphasis on the litigation of contested wills & trusts.
Katie Franks is legal assistant to David Franks and Specializes in IRS Section 1031 "Like-Kind" Real Estate Transactions.
David Franks and Katie Franks use a team approach to handle their client's legal needs.
Our focus is on Families, Small Business, and Individual's.
David has over 24 years' experience and concentrates his practice in Estate Planning - Wills, Trusts & Probate, Small Business Formations, and Agricultural Law with emphasis on the litigation of contested wills & trusts.
Katie Franks is legal assistant to David Franks and Specializes in IRS Section 1031 "Like-Kind" Real Estate Transactions.
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