Charitable Giving in Barling, Arkansas

Find the Right Lawyer Now

Charitable giving in Barling, Arkansas is the giving 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 essentially 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 giving the money or property directly to the charity, through a provision in your will.

Charitable Trusts in Barling, Arkansas

A charitable trust is an arrangement through which some amount of money or property is given to a charity after the donor's death, or during their life.

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).

If a person decides to set up a charitable trust in Barling, Arkansas, they usually set up a "charitable remainder trust," since this is usually beneficial to both the donor (or their estate) as well as the charity. The operation of this type of trust is fairly simple: at a set time (usually the donor's death) the property that the donor wants to give to the charity is handed over, and the charity invests it. The charity benefits by getting to keep most of the money that these investments generate. The donor benefits because they also get a percentage of this income, for a period of time laid out in the trust agreement. Afterwards, the recipient of the donation gets it free and clear.

Obviously, if you want to help a good cause, you want to make sure that any charity you donate to is legitimate. Sadly, there are quite a few fraudulent charities out there. The best way to do this is to check and make sure that the charity is registered as a tax-exempt organization with the IRS, and the tax authorities in

Find a Barling Lawyer that Specializes in Your Area of Need:

Do I Need a Barling, 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 Barling, 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.

General Practice Lawyer
LegalMatch General Practice Lawyer Timothy W.

Timothy W.

Sebastian, AR

General Practice

Rating (3 users) *****
See Reviews
Employment and Labor Law Lawyer
LegalMatch Employment and Labor Law Lawyer Joel C.

Joel C.

Sebastian, AR

Employment and Labor Law

Rating (19 users) *****
See Reviews
Criminal Law Lawyer
LegalMatch Criminal Law Lawyer Dana H.

Dana H.

Pinal, AZ

Criminal Law

Rating (2 users) *****
See Reviews
General Practice Lawyer
LegalMatch General Practice Lawyer Edward C.

Edward C.

Pima, AZ

General Practice

Rating (14 users) *****
See Reviews

Need a Lawyer?

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