Charitable Giving in Montgomery, Alabama

Find the Right Lawyer Now

Charitable giving in Montgomery, Alabama is the transferring of money or some other asset to a charitable cause.

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 generous donors will sometimes give essentially everything they own to charity. This is a wonderful thing to do, but it's not really practical - after all, just about everyone 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 assistance after their death.

There are many arrangements permitting 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 frequent.

Charitable Trusts in Montgomery, Alabama

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

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

In Montgomery, Alabama, a "charitable remainder trust" is the most recognized kind of charitable trust. This authorizes 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 (typically 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.

Find a Montgomery Lawyer that Specializes in Your Area of Need:

Do I Need a Montgomery, Alabama Attorney?

Making a substantial charitable donation is a generous and admirable act. However, good intentions don't always lead to good results. To ensure that your donation has the most positive impact possible, you should discuss the matter in detail with representatives of the organization(s) you want to donate to. It might be valuable to have a Montgomery, Alabama lawyer handle these negotiations on your behalf, since they will likely understand the legal and financial complexities involved.

78 Wills, Trusts and Estates cases posted to LegalMatch lawyers in Montgomery

Charitable Giving Attorneys in the Largest AL Cities

Show Alabama Cities

Charitable Giving Lawyers in Other Alabama Cities and Towns


Find the Right Lawyer Now

Top Rated Lawyers

View attorney profiles and see how other LegalMatch users rate attorneys that may respond to your case.

Family Law Lawyer
LegalMatch Family Law Lawyer Steve D.

Steve D.

SNOHOMISH, WA

Family Law

Rating (6 users) *****
See Reviews
General Practice Lawyer
LegalMatch General Practice Lawyer John D.

John D.

KALAMAZOO, MI

General Practice

Rating (11 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Alan R.

Alan R.

JOHNSON, KS

Family Law

Rating (26 users) *****
See Reviews
Employment and Labor Law Lawyer
LegalMatch Employment and Labor Law Lawyer Merritt G.

Merritt G.

LOUDOUN, VA

Employment and Labor Law

Rating (12 users) *****
See Reviews

Need a Lawyer?

No obligation - Lawyers compete for your case. Choose your issue & get started now: