Charitable Giving in Janesville, Wisconsin

Find the right Charitable Giving attorney in Janesville, WI

In Janesville, Wisconsin, charitable giving is simply the act of transferring money or property to a charitable cause, without the expectation of direct compensation. This is normally done for selfless reasons.

The simplest way to make a charitable gift is to just give the money or property directly to the organization you want to help.

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 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 Janesville, Wisconsin

A charitable trust is an arrangement through which some amount of money or property is directed to a charity after the donor's death, or throughout their life.

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 frequent type of Janesville, Wisconsin 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.

Obviously, if you want to help a good cause, you want to make sure that any charity you donate to is valid. Sadly, there are quite a few fraudulent charities out there. The ideal way to do this is to check and make sure that the charity is registered as a tax-exempt organization with the IRS, and the tax authorities in

Do I Need a Janesville, Wisconsin Attorney?

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

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

Life in Janesville

With a population of 61,310 Janesville, Wisconsin has it all. Janesville is located in South Central Wisconsin and was founded in 1835. Since its founding, the charming city has done nothing but grow and prosper. Janesville was named after an early settler to the town -- Henry James.

Janesville was the site of the first Wisconsin State Fair in 1851, an event that over 10,000 people attended. It is no wonder then that so many people enjoy visiting and living in Janesville. Janesville is also home to lots of historical homes, in fact 20% of the nationally registered historic homes in Wisconsin are in Janesville. Aptly named "City of Parks," Janesville has an extensive park system that includes nature trails, boat lakes, and 53 parks in total.

Janesville is also home to some interesting legal history. Janesville lawyers are some of the best in the business and Janesville is also home to Wisconsin's first female lawyer --Lavinia Goddell in 1874. In addition to lawyers, there are lots of other great business and industry which make the city a great place to start a career.

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