Charitable Giving in Canton, Ohio

Find the right Charitable Giving attorney in Canton, OH

In Canton, Ohio, charitable giving is when a person gives something to an organization or individual, without consideration (getting something directly in return). This is for the purpose of advancing some type of cause, helping people in need, or any other altruistic motive.

Most charitable donors, while they're alive, give their gifts in the simplest way possible: handing the money or property they wish to donate over to the individual or group they want to help.

What if, however, you want to give all or most of your assets to a charity, to really make a big difference? This is often 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. However, there are a few arrangements allowing 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 actually occur until after your death, the easiest (and most commonly-used) method is to simply leave the desired amount of money or property to the charitable organization in your will.

Charitable Trusts in Canton, Ohio

Legal arrangements known 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 Canton, Ohio, a "charitable remainder trust" is the most common kind of charitable trust. This allows 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 (generally 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.

Obviously, if you want to help a good cause, you want to make sure that any charity you donate to is legitimate. Sadly, there are quite a few fraudulent charities out there. The best 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 Canton, Ohio Attorney?

If you want to set up a charitable trust, you should first speak with a representative of the charity you want to support. You should also talk with an experienced attorney in Canton, Ohio, who will be able to help you navigate the legal details, making it easier to give effect to your intentions.

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

Life in Canton

Canton is located in northeast Ohio. Specifically it is south of Akron, and is a part of Stark County. Per the 2010 census, it has a population of 73,007 people. Surrounding areas include Youngstown, Mahoning County, and Nimishillen Creek.

Popular sites in Canton include the Pro Football Hall of Fame, McKinley National Memorial, First Ladies National Historic Site, and the William McKinley Presidential Library and Museum.

Top employers include LTV Steel, Hoover Company, the Whirpool Corporation, and Balden Brick Company. There are also many small law firms and law offices located in Canton. Via these firms and offices, excellent attorneys are trained to handle all the legal needs of residents and businesses.

Overall, Canton is a wonderful place to visit and live!

Clients Rate LegalMatch Attorneys
(click to read reviews)

Regel B.
Regel B.

Wills, Trusts and Estates

Caldwell, LA

Brad M.
Brad M.

Wills, Trusts and Estates

Sussex, NJ

David L.
David L.

Wills, Trusts and Estates

Ashland, OH