Charitable Giving in Henderson, Nevada

Find the right Charitable Giving attorney in Henderson, NV

In Henderson, Nevada, charitable giving is when a person transfers something to an organization or individual, without consideration (getting something directly in return). This is for the purpose of advancing some type of cause, helping people in need, or any other altruistic motive.

In general, it's quite easy to make a charitable donation to a cause you want to help. Whether it includes writing a huge check, or dropping spare change in a donation jar, a large majority of charitable gifts are made simply by giving money away, with no intermediary or other intricate legal arrangements.

What if, however, you want to give all or most of your assets to a charity, to really make a big difference? This is frequently not practical while the donor is alive, since they presumably have expenses, and want to maintain for themselves the lifestyle to which they're accustomed. Fortunately, there are a few arrangements authorizing you to have your assets transferred to a charity after your 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 donating the money or property directly to the charity, through a provision in your will.

Charitable Trusts in Henderson, Nevada

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

Under a charitable trust, the money going to the charity technically still belongs to the donor. However, the charity, acting as a trustee, has authority to use it for charitable purposes (what the money can and can't be used for should be clearly laid out in the trust).

The most customary kind of charitable trust in Henderson, Nevada is a charitable remainder trust. This permits you to give as much money or property as you want to a charity. The money is then invested by the charity. The investments are typically fairly conservative, sacrificing large returns for security. The charity then returns a portion of these returns to the donor, or another person named by the donor, while keeping the rest. This lasts for a set period of time, at the end of which the charity gets full ownership of the original fund.

If you wish to set up a charitable trust in you should check with the IRS and equivalent state agencies to ensure that the charity you want to help is registered with them. This will help make sure that your money is used for a good cause (and not to line somebody's pockets) and that your contribution will be tax-deductible.

Do I Need a Henderson, Nevada Attorney?

Making a substantial charitable donation is a generous and admirable act. However, good intentions don't always lead to good results. To ensure that your donation has the most positive impact possible, you should discuss the matter in detail with representatives of the organization(s) you want to donate to. It might be advantageous to have a Henderson, Nevada lawyer handle these negotiations on your behalf, since they will likely understand the legal and financial complexities involved.

Talk to a Wills, Trusts & Estates Law Attorney now!

Life in Henderson

Henderson, Nevada proves that there is much more to Vegas than flashy shows, casinos, and night clubs. The Water Street District is a very popular attraction that is a favorite of many because it is home to wonderful art galleries, shops, special shows, and a weekly fresh farmers market. This attraction is known for hosting wonderful events that brings the Henderson community together.

Strolling along the water on a Lake Mead Cruise allows a person to enjoy the "lights and shine" of Vegas while on the water! Who ever thought Vegas had a peaceful side? Well it definitely does. Alongside the Lake Mead Cruises is the historical attraction the Hoover Dam. The Hoover Dam is known as a civil engineering wonder that allows people to experience the serenity that nature has to offer.

Other popular attractions include the Lake Mead National Recreation Area National Park, the Nevada Vintage Race Car Museum, Loews Lake, and Veteran's Wall. Additionally, kids can enjoy ice skating at The Village Ice Rink at Lake Las Vegas, or take a tour of MM World! All in all, Henderson proves to have something for everyone to enjoy.

Moreover, Henderson is home to many mid-size and small law firms. Attorneys in Henderson are able to give their clients' legal needs personalized attention and provide them with the best legal service.

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