Charitable Giving in Burnsville, Minnesota

Find the right Charitable Giving attorney in Burnsville, MN

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

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.

Some people, however, may be especially dedicated to a certain cause, giving rise to a desire to donate a very large percentage of their assets to it. However, during life, this is frequently infeasible, since people have their own expenses that they have to cover. So, people often put off this donation until after their death.

There are many arrangements allowing 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 common.

Charitable Trusts in Burnsville, Minnesota

Charitable trusts are usually used for very large donations, and can be made during the donor's life, or after their death.

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 generally only allowed to use the money to advance their organization's charitable mission.

The most common type of Burnsville, Minnesota charitable trust is known 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 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 Burnsville, Minnesota Attorney?

When attempting to create a charitable trust, or make another charitable donation, the first thing you should do is discuss this with the organization you want to make the donation to. They will probably be able to advise you on how to donate your money in the way that will be most useful to them. And, of course, you should speak with an attorney in Burnsville, Minnesota, who will usually be able to make the process much easier.

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

Life in Burnsville

Burnsville, Minnesota is a city directly south of Minneapolis, located in Dakota County. It has a population of just under 60,000, according to a 2007 Census estimate.

Burnsville, Minnesota is home to one of the largest shopping malls in the region, the Burnsville Center, which boasts over 1 million square feet of retail space.

Burnsville, Minnesota has a long and storied history. The first humans to populate the area were the Mdewakanton Dakota Indians, who likely lived in the area for hundreds, if not thousands, of years before the arrival of the first European settlers.

Modernly, Burnsville, Maryland has been on the forefront of the "smart growth" movement, with new projects in its downtown area being cetered around the principles of making the city more attractive, environmentally friendly, less sprawling, and more accessible to cyclists and pedestrians.

This forward-thinking attitude is likely to serve Burnsville, Maryland quite well in the future. Large amounts of foot traffic tend to make an area more attractive to small businesses, especially restaurants and retailers, and this is on top of the positive health and environmental effects of walking or cylcing, instead of driving.

Of course, as in any city, the lawyers of Burnsville, Maryland must also be able to handlemany types oflegal problems. If you have any legal problem, it's likely that there is at least one Burnsville, Maryland lawyer who can help you.

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