Charitable Giving in Osceola, Arkansas

Find the Right Lawyer Now

Charitable giving in Osceola, Arkansas is the donating of money or some other asset to a charitable cause.

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

What if, on the other hand, a donor wishes to give everything they own (or a substantial chunk of everything they own) to a charity? This is quite generous, of course, but it's rarely possible during life, considering the expenses and commitments we all have. On the other hand, most people don't think they'll be needing their money after they die. Knowing this, many arrangements have been created authorizing a person to have as much of their money as they want transferred to a charity of their choice after their death.

There are many arrangements authorizing you to donate some or all of your assets to a charitable cause after your death, but direct testamentary gifts (simply leaving money in your will to the charity of your choice) are the most prevalent.

Charitable Trusts in Osceola, Arkansas

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

While the money, for a time at least, is still technically owned by the donor, it is possessed and controlled by the charity, which acts as a trustee. The trustee is then able to use the money for the charitable purposes which have been laid out in the agreement that initially formed the trust.

In Osceola, Arkansas, a "charitable remainder trust" is the most typical kind of charitable trust. This permits the money or property to immediately pass to the charity of the donor's choice, so they can benefit from it as soon as possible. The charity takes the money, and invests it (usually in reliable, but not necessarily high-yield, investments). They keep most of the income that this generates, but return a portion of it to the donor on a regular basis, for a set period of time. When this time runs out, the original donation, along with all the income it will produce, becomes the legal property of the charity, to dispose of as it pleases.

You should make sure the charity is registered with the Internal Revenue Service, and (if applicable) the taxation authority of .

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

Do I Need a Osceola, Arkansas Attorney?

Making a substantial charitable donation is a generous and admirable act. Nonetheless, good intentions don't always lead to good results. To guarantee 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 Osceola, Arkansas lawyer handle these negotiations on your behalf, since they will likely understand the legal and financial complexities involved.

1 Wills, Trusts and Estates cases posted to LegalMatch lawyers in Osceola

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.

Mississippi, AR

Employment and Labor Law

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

Timothy W.

Mississippi, AR

General Practice

Rating (3 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Anthony C.

Anthony C.

Cook County - South, IL

Family Law

Rating (2 users) ***
See Reviews
Real Estate, Housing & Property Law Lawyer
LegalMatch Real Estate, Housing & Property Law Lawyer Stanley W.

Stanley W.

Los Angeles West, CA

Real Estate, Housing & Property Law

Rating (1 users) *****
See Reviews

Need a Lawyer?

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