Charitable Giving in Olathe, Kansas

Find the right Charitable Giving attorney in Olathe, KS

In Olathe, Kansas, "charitable giving" involves transferring money or property to an individual or organization, expecting nothing directly in return.

The vast majority of charitable gifts are made using the most simple method feasible: giving the gift to the intended beneficiary.

Some people want to give a larger percentage of their assets to a charitable organization than would be feasible during life, so they implement some type of arrangement under which the money will be transferred upon the donor's death.

If you decide to make a sizable donation to a charity that will not actually 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 Olathe, Kansas

Legal arrangements known as "charitable trusts" are also utilized to give large amounts of money to charity. It can be used to make the gift quickly, or it can be set to take effect after the donor's death.

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.

The most common kind of charitable trust in Olathe, Kansas is a charitable remainder trust. This allows 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 usually 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 complete ownership of the original fund.

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 actually used for a charitable cause, and that your donation will be tax-deductible, you should check to see that the organization is actually tax-exempt. You can find this information from the IRS and/or the agency accountable for taxation in

Do I Need a Olathe, Kansas Attorney?

If you wish to set up a charitable trust, you should consult with the organization directly. They often know the simplest way to direct any charitable giving to their organization. You should also speak with a reputable trusts and estates attorney in Olathe, Kansas, who can help ensure that your intentions are carried out.

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

Life in Olathe

Olathe, Kansas is a city in Johnson County, Kansas. It is also the county seat of that county. it has a population of about 125,000 people.

In 2008, CNN andMoneyMagazine named Olathe, Kansas one of the 100 best U.S. cities to live in, ranking it at number 11. Olathe, Kansas was so ranked because of its ample job opportunities, low unemployment, good public schools, and relatively low cost of living. Many professionals, such as lawyers, have relocated to Olathe, Kansas in recent years, making it one of the fastest-growing communities in the United States.

One of the largest employers in Olathe, Kansas is an air traffic control facility run by the Department of Transportation. It is one of 20 such facilities in America, and it monitors and directs most air traffic in the region.

If you live in Olathe, Kansas, and are in need of legal services, you will almost certainly be able to find an Olathe, Kansas attorney who can help.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Regel B.
Regel B.

Wills, Trusts and Estates

Caldwell, LA

Brad M.
Brad M.

Wills, Trusts and Estates

Sussex, NJ

David L.
David L.

Wills, Trusts and Estates

Ashland, OH

Gotham Light