Charitable Giving in Dubuque, Iowa

Find the right Charitable Giving attorney in Dubuque, IA

Charitable giving in Dubuque, Iowa is the transferring of money or some other asset to a charitable cause.

Most charitable donors, while they're alive, give their gifts in the simplest way feasible: handing the money or property they wish to donate over to the person or group they want to assist.

What if, however, you want to give all or most of your assets to a charity, to really make a big difference? This is commonly 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. Luckily, there are a few arrangements permitting you to have your assets transferred to a charity after your death.

If you decide to make a sizable donation to a charity that will not really occur until after your death, the easiest (and most largely-used) method is to simply leave the desired amount of money or property to the charitable organization in your will.

Charitable Trusts in Dubuque, Iowa

A charitable trust is an arrangement by which a large amount of money can be directed to a charity after the death of the donor, or during the donor's life.

In a charitable trust, the property is still technically owned by the donor, but the recipient retains possession and control over it. As the trustee, the charity is free to use the money for any purpose laid out in the trust agreement. With a charitable trust, trustees are typically only authorized to use the money to advance their organization's charitable mission.

The most frequent type of Dubuque, Iowa charitable trust is recognized as a "charitable remainder trust." Under this arrangement, some of your money or property is directed to your charity of choice. The charity then invests the money, while giving a percentage of the income generated by these investments to you or a beneficiary of your choice, for a determinate period of time. Once this time is up, ownership of the original fund transfers to the charity.

Wanting to help a charitable cause is, of course, a good thing. Nonetheless, some people seek to take advantage of our good intentions through fraudulent charities. If you want to help ensure that any money you donate to an organization is really used for a charitable cause, and that your donation will be tax-deductible, you should check to see that the organization is really tax-exempt. You can find this information from the IRS and/or the agency accountable for taxation in

Do I Need a Dubuque, Iowa Attorney?

If you want to set up a charitable trust, you should first speak with a representative of the charity you want to support. You should also talk with an accomplished attorney in Dubuque, Iowa, who will be able to help you navigate the legal details, making it easier to give effect to your intentions.

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

Life in Dubuque

Dubuque is the county seat of Dubuque County, Iowa. It is situated along the Mississippi river, and has an estimated population of just under 60,000, placing it in the top ten largest cities in Iowa.

Dubuque is one ofthe oldest settlements west of the Mississippi River. The firstEuropeans toset foot in the area were French missionaries commissioned by the French government to establish a new colony in North America, and map the unexplored areas beyond the colony's borders. Theyreached what is now known asDubuque in 1673. The first permanent settlement in the areawas established by Julien Dubuque, who arrived in 1785 and gave the area its present name.

The area has rich deposits of lead, and Dubuque quickly grew in wealth and population, with its economy revolving around mining. Today, the economy of Dubuque, Iowa is fairly diverse, based on tourism, publishing, and various high-tech fields. Dubuque, Iowa attracts visitors with its beautiful natural scenery, and many fascinating historical sites.

If you live in Dubuque, and need an attorney, chances are excellent that you'll find a Dubuque, Iowa lawyer who can handle whatever case you're likely to face.

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