Charitable Giving in St. Cloud, Minnesota

Find the right Charitable Giving attorney in St. Cloud, MN

In St. Cloud, Minnesota, "charitable giving" involves donating 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 permitted: handing the money or property they wish to donate over to the person or group they want to assist.

Some generous donors will sometimes give practically everything they own to charity. This is a wonderful thing to do, but it's not really practical - after all, just about everybody has bills to pay. One solution to this is to put off such a generous donation until after death. This allows the donor to meet their obligations during life, while having the satisfaction of knowing that a cause they care about will be given a large amount of help 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 St. Cloud, Minnesota

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

The money is still technically owned by the donor, but the charity, serving as a trustee, has the permission to use it for charitable purposes, with the exact scope of this right having been laid out in the trust agreement.

In St. Cloud, Minnesota, a "charitable remainder trust" is the most frequent 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 .

Do I Need a St. Cloud, Minnesota 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 efficient attorney in St. Cloud, Minnesota, 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 St. Cloud

With close to 70,000 residents, Saint Cloud, Minnesota is the largest city in Minnesota's central region. Saint Cloud is named after St. Cloud, France and has some charming French restaurants and culture paying homage to its namesake. Located on the banks of the Mississippi River, the picturesque city has a lot to offer residents and visitors. St. Cloud is just over an hour drive from Minneapolis and St. Paul, and an easy city to access from all around. St. Cloud islocated in three counties: Stearns County, Benton County, and Sherburne County and is also considered one of the fastest growing cities in the state of Minnesota. Comprising a total area of 30.9 miles, St. Cloud has over ninety parks within its city limits. St. Cloud also has thirty undeveloped small islands, which make for popular canoe and kayak adventures. As a city on the rise, it is no wonder that there is such a wonderful lawyer community in St. Cloud. St. Cloud lawyers are highly skilled in a range of practice areas, and available to help their neighbor with any issue he or she may be dealing with. The legal community in St. Cloud is growing as fast as the city itself, and it is a great time to use this resource!

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