Charitable Giving in De Queen, Arkansas

Find the Right Lawyer Now

Charitable giving in De Queen, Arkansas is the transferring of money or some other asset to a charitable cause.

The easiest way to make a charitable gift is to just give the money or property directly to the organization you want to help.

Some generous donors will sometimes give virtually everything they own to charity. This is a wonderful thing to do, but it's not really practical - after all, just about everyone has bills to pay. One solution to this is to put off such a generous donation until after death. This allows the donor to meet their obligations during life, while having the satisfaction of knowing that a cause they care about will be given a large amount of assistance after their death.

There are many ways you can donate some or all of your property or money to a charity after your death, if you wish to do so. Direct testamentary gifts are the most common and the most simple way to accomplish this. A testamentary gift simply entails transferring the money or property directly to the charity, through a provision in your will.

Charitable Trusts in De Queen, Arkansas

Charitable trusts are normally used for very large donations, and can be made during the donor's life, or after their death.

In a charitable trust, the money that is donated is still legally owned by the donor. But this is largely a formality, as the charity gets possession and control over the money. The charity is then free to use that money, but only for the purposes laid out in the trust instrument.

The most frequent type of charitable trust in De Queen, Arkansas is a charitable remainder trust. Under this arrangement, you give a particular amount of money or property to a charity. The charity then invests this money, giving you or a named beneficiary a portion of the income generated from these investments for a set amount of time. Once this expires, the money that was initially invested goes to the charity, free and clear.

Most charitable donations are deductible from your state and federal taxable income. However, in order for your donations to count, the charity should be registered with the IRS and equivalent institution in .

Find a De Queen Lawyer that Specializes in Your Area of Need:

Do I Need a De Queen, Arkansas Attorney?

If you want to create a charitable trust, you should first talk with someone in charge of the charitable organization you wish to help. They will be able to assist you in setting up the trust, or advise you of their preferred method of donation. This will help you ensure that your donation is as effective in helping the charity as it can possibly be. It is also a good idea to speak with a De Queen, Arkansas attorney, who can help iron out the more technical details.

Charitable Giving Attorneys in the Largest AR Cities

Show Arkansas Cities

Charitable Giving Lawyers in Other Arkansas Cities and Towns


Find the Right Lawyer Now

Top Rated Lawyers

View attorney profiles and see how other LegalMatch users rate attorneys that may respond to your case.

Employment and Labor Law Lawyer
LegalMatch Employment and Labor Law Lawyer Joel C.

Joel C.

SEVIER, AR

Employment and Labor Law

Rating (19 users) *****
See Reviews
General Practice Lawyer
LegalMatch General Practice Lawyer Timothy W.

Timothy W.

INDEPENDENCE, AR

General Practice

Rating (3 users) *****
See Reviews
General Practice Lawyer
LegalMatch General Practice Lawyer Maura R.

Maura R.

PLYMOUTH, MA

General Practice

Rating (1 users) *****
See Reviews
Immigration Lawyer
LegalMatch Immigration Lawyer Lawrence L.

Lawrence L.

KINGS, NY

Immigration

Rating (4 users) *****
See Reviews

Need a Lawyer?

No obligation - Lawyers compete for your case. Choose your issue & get started now: