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Reviews and Ratings

  • 5.0/5.0

    Harold J Dane III was referred to my husband and I by another professional. We feel blessed to have met such a great attorney with wisdom, knowledge and integrity. He is professional and to the point, and yet still offered coffee & gum with...
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    — Client

  • 5.0/5.0

    Jack Dane was excellent in navigating through some difficult financial and divorce negotiations. He is very skilled and highly recommend him.

    — Client

  • 5.0/5.0

    Jack did a wonderful job with a very difficult family farm bankruptcy. The outcome was exactly what we wanted and we were able to save the family farm. He did an excellent job and I would highly recommend him. He and his team provide time...
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    — Client

  • 5.0/5.0

    We hired Mr. Dane for our bankruptcy. He has done a great job. It was easy to schedule appointments and he was extremely helpful to discuss the process and answer any questions that we had. We would highly recommend him to our friends an...
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    — Client

  • 5.0/5.0

    Mr. Dane was very knowledgeable and thorough on my case. He led me in the right direction. I highly recommend Mr. Dane.

    — Client

Experienced Iowa Attorney Creates Secure Trusts

Comprehensive counselor helps clients in the Davenport area to provide trusts for their loved ones

At H. J. Dane Law Office, I utilize my experience to advise clients in the Davenport area and throughout Iowa on the best means to meet their financial and estate objectives, including the efficient distribution of assets and estate tax avoidance. Trusts are legal entities created to hold and transfer property. These instruments provide benefits such as shielding your financial assets from losses due to liability and taxation, so your heirs can keep more of what you pass down to them. Distributing assets via a trust can also keep the details of your estate confidential, unlike the public probate process that is used for wills.

Knowledgeable Iowa lawyer designs trusts tailored to your estate goals

There are several types of trusts, with each offering situation-dependent pros and cons. A qualified lawyer can help you select the type of trust instrument that addresses your legacy concerns. At H. J. Dane Law Office, I handle:

  • Revocable trusts — As the grantor of a revocable trust, you can retain control of your assets during your lifetime and may revoke or revise the trust at any time. Living trusts are a popular form of revocable trust.
  • Irrevocable trusts — Once you establish this kind of trust, its assets no longer belong to you, and you cannot amend the trust without your beneficiary's consent. However, any appreciated assets in the trust are not subject to estate taxes.
  • Credit shelter trusts — Also called bypass or family trusts, credit shelter trusts allow a grantor to place enough wealth in a trust for heirs so that the grantor can pass down the remainder of their wealth via a will that does not trigger an estate tax. The assets in the credit shelter trust are not subject to estate tax.
  • Generation-skipping trusts — Also called a dynasty trust, a generation-skipping trust enables a grantor to transfer a substantial amount of tax-free money to beneficiaries at least two generations below them. It can be an excellent way to provide a legacy for your grandchildren.
  • Qualified personal residence trusts — A QPRT prevents the value of a grantor’s primary residence or vacation home from being added to their estate. Establishing a QPRT may help avoid triggering the estate tax later on.
  • Irrevocable life insurance trusts — This type of trust removes a grantor’s life insurance from the taxable estate. It can help to leave a tax-free legacy to loved ones.
  • Qualified terminable interest property trusts — A QTIP trust helps grantors in second marriages provide for the lifetime needs of a second spouse while preserving a legacy for children from the first marriage.
  • Special needs trusts — If someone in your family has a disability or special needs, this type of trust can be used to help meet future financial needs.

Trusts are very flexible instruments. H. J. Dane Law Office can help you create one that addresses your unique estate planning needs. I also counsel clients who want to augment their asset protection by reviewing existing insurance policies and recommending ways to reduce exposure to liability.

Contact a skilled Iowa trust and estate planning lawyer

H. J. Dane Law Office serves clients throughout Iowa who wish to protect their assets with a trust. Call me at 563-723-7053 or contact me online to schedule a consultation at my Davenport office.