Charitable Giving in La Crosse, Wisconsin

Find the right Charitable Giving attorney in La Crosse, WI

In La Crosse, Wisconsin, charitable giving is simply the act of donating money or property to a charitable cause, without the expectation of direct compensation. This is typically done for selfless reasons.

The easiest 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 establish 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 directly occur until after your death, the easiest (and most normally-used) method is to simply leave the desired amount of money or property to the charitable organization in your will.

Charitable Trusts in La Crosse, Wisconsin

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

Under a charitable trust, the money going to the charity technically still belongs to the donor. However, the charity, acting as a trustee, has authority to use it for charitable purposes (what the money can and can't be used for should be clearly laid out in the trust).

In La Crosse, Wisconsin, a "charitable remainder trust" is the most recognized 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 generate, becomes the legal property of the charity, to dispose of as it pleases.

If you wish to set up a charitable trust in you should check with the IRS and equivalent state agencies to ensure that the charity you want to help is registered with them. This will help make sure that your money is used for a good cause (and not to line somebody's pockets) and that your contribution will be tax-deductible.

Do I Need a La Crosse, Wisconsin Attorney?

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

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

Life in La Crosse

La Crosse is located in La Crosse County, Wisconsin. The city is home to around 52,500 people and lies alongside the beautiful Mississippi River! It is known as a college town because it is home to University of Wisconsin-La Crosse, Viterbo University and Western Technical College.

Top employers include the university system, Gunderson Lutheran Medical Center, Franciscan Skemp Medical Center, Trane Corporation, Kwik Trip, CenturyLink, and Wal-Mart. There are also small law offices with excellent, actively-practicing attorneys to support the legal needs of local businesses and residents.

Famous residents include David Ackert, John Ake, George Dahlgren, Alexa Demara, Charles Dierkop, Minnie Dupree, Paul Fitzke, Don Iverson, Scott Servais, Jarrod Washburn, and George Williams.

Overall, La Cross is a gorgeous city with a wonderful quality of life. Visitors leave with a smile and residents are proud to call it home.

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