Charitable Giving in Mequon, Wisconsin

Find the right Charitable Giving attorney in Mequon, WI

In Mequon, 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 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 formulate 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 typically-used) method is to simply leave the desired amount of money or property to the charitable organization in your will.

Charitable Trusts in Mequon, Wisconsin

Charitable trusts are typically 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 typical type of Mequon, Wisconsin charitable trust is identified 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 directly used for a charitable cause, and that your donation will be tax-deductible, you should check to see that the organization is truly tax-exempt. You can find this information from the IRS and/or the agency accountable for taxation in

Do I Need a Mequon, Wisconsin Attorney?

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

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

Life in Mequon

Mequon, Wisconsin is a city located in Ozaukee County. Its population is about 23,000 people. It was recently ranked very highly among the top 20 small cities in the U.S. to live in.

The area now known as Mequon was inhabited by various Native American tribes thousands of years before the arrival of white settlers in the early to mid 1800s. Around that time, about 20 German families established a sort of sub-community called "Freistadt" which means "Free City" in German. They came to the United States to escape religious persecution in their native land. The families were Lutheran, and Germany at the time was predominantly Catholic. They established the first Lutheran Church in Wisconsin. Freidstadt is now a neighborhood within the city limits of Mequon, Wisconsin.

Nowadays, Mequon, Wisconsin is a quiet, affluent suburb of Milwaukee. The median household income in Mequon is over ,000, and less than 2% of the population lives below the poverty line.

There are plenty of lawyers in and around Mequon, Wisconsin to serve the residents and businesses of the area. Mequon's affluence and proximity to a large city means that a large percentage of Mequon, Wisconsin lawyers are used to handling complex and sophisticated cases, making it all the more likely that a Meqon, Wisconsin lawyer will be able to take whatever type of case you are likely to have.

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