Charitable Giving in Fresno, California
Charitable giving in Fresno, California is the donating of money or some other asset to a charitable cause.
The vast majority of charitable gifts are made using the most simple method permitted: giving the gift to the intended beneficiary.
What if, however, you want to give all or most of your assets to a charity, to really make a big difference? This is frequently not practical while the donor is alive, since they presumably have expenses, and want to maintain for themselves the lifestyle to which they're accustomed. Thankfully, there are a few arrangements authorizing you to have your assets transferred to a charity after your 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 Fresno, California
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).
In Fresno, California, 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.
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
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Making a substantial charitable donation is a generous and admirable act. Nonetheless, good intentions don't always lead to good results. To guarantee 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 advantageous to have a Fresno, California lawyer handle these negotiations on your behalf, since they will likely understand the legal and financial complexities involved.
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Life in FresnoFresno is the seat of Fresno County, California and home to over 500,000 residents. As the largest city in the San Joaquin Valley, the Fresno Metropolitan area plays host to 1.2 million. Fresno is Spanish for ash tree. The ash tree's leaf is even featured on the City of Fresno flag. Many locals are work on large scale agricultural farms that produce many fruits and nuts distributed throughout the world. Community Medical Centers, the City of Fresno, Kaiser Permanente, and the Saint Agnes Medical Center are other major employers. Another major employer and attraction to Fresno is California State University, Fresno.
Fresno is host to a number of important Courts. The United States Courthouse for the Eastern District of California is located downtown and handles a number of Federal cases like Immigration issues. The Fresno County Court is responsible for many of the cases that arise in Fresno including Criminal cases like assault and DUI as well as Civil cases like personal injury. The Fifth Appellate District of the State of California Court of Appeals handles any criminal appeals. The San Joaquin College of Law is one of the local law schools serving potential Fresno lawyers.