David J. Franks
David J. Franks, P.C.
Attorney at Law
David J. Franks has been a practicing attorney in the Iowa and Illinois Quad Cities for over 30 years, practicing primarily in the areas of estate planning, trust administration and probate. He practices with the firm of David J. Franks, P.C., and graduated from the University of Illinois with a Bachelor of Science in Agricultural Economics in 1983 and from the University of Iowa College of Law in 1989. He is a member of the Quad City Estate Planning Council, the Iowa Trust and Estate Council, the Iowa Bar Association, the Iowa Bar Associate Probate and Trust sections, and the Illinois Probate and Trust Section, the Scott County Bar Association, and is a member of NRG Business referral group. David is past Rotarian, past member of the Unity Point Foundation and of the Genesis Foundation. He is active in his family’s farming operation.
Education:
Juris Doctor (JD) University College of Law, Iowa City, Iowa 1989
Bachelor of Science Degree (BS) (Agricultural Economics/Financing), University of Illinois, Champaign, Illinois.
Bar Admissions:
Iowa
Illinois
U.S District Court, Southern District of Iowa.
U.S Central District of Illinois.
Membership:
Iowa Bar Association
Scott County Bar Association
Quad City Estate Planning Council
Practice Areas:
Wills
Trusts
Estate Planning
IRC 1031 Like-Kind Exchanges
Business Creation (incorporation, Limited Liability Co.)
Business Succession Planning
Commercial Litigation
Key Legal Experience/Career Highlights:
Practice law for more than 30 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.
Transactions/Case examples:
Advise individuals and businesses in choosing the right business entity for their needs.
Prepare wills, recoverable trusts, and complex estate plans for individuals and families.
Advise farms and business clients with succession planning.
Represent individuals and businesses in litigation and contract disputes.
Probate Administration of Wills in Iowa and Illinois.
Prepare real estate contracts and documents for buyers’ and sellers’.
Community Activities & Community Memberships:
Farm Bureau
Former Genesis Health Systems Foundation Executive Board Member
Former UnityPoint Health Foundation Executive Board Member
Quad Cities Chamber of Commerce Member