Charitable Giving in Overland Park, Kansas

Find the right Charitable Giving attorney in Overland Park, KS

In Overland Park, 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 Overland Park, Kansas

Charitable trusts are usually 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. Nonetheless, the charity, acting as a trustee, has power to use it for charitable purposes (what the money can and can't be utilized for should be clearly laid out in the trust).

The most common kind of charitable trust in Overland Park, 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 Overland Park, 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 Overland Park, Kansas, who can help ensure that your intentions are carried out.

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

Life in Overland Park

Overland is Kansas's second most populated city, and its largest suburb. Naturally, it would offer many attractions for its residents and tourists. Some of the most popular attractions include the Overland Park Arboretum and Botanical Gardens, the Convention Center, and Indian Creek Greenway. To experience some exciting night light and great restaurants, residents and tourists visit Touche, and the Farmers Market.

An interesting fact about Overland is that was ranked in the top of CNN/Money and Money Magazine's 100 Best Cities to Live in the United States. One of the reasons is the city's great community feel and unified spirit. Another reason for this is that Overland is very diverse, including Afrian Americans, Caucasians, Native Americans, Asians, and Pacific Islanders in its population. Many of the people are married couples and have a nuclear family.

Overland is also home to many large companies, such as YRC Worldwide, Waddell and Reed, Black and Veatch, Ferrellgas, and Examinetics. There are also many small law firms in Overland, where competent attorneys provide legal services in practically all areas of practice. The best part is these attorneys provide their clients with personalized legal services, yielding excellent results.

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