Charitable Giving in Gilbert, Arizona
Charitable giving in Gilbert, Arizona is the donating 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.
What if, on the other hand, a donor wishes to give everything they own (or a substantial chunk of everything they own) to a charity? This is quite generous, of course, but it's rarely possible during life, considering the expenses and obligations we all have. On the other hand, most people don't think they'll be needing their money after they die. Knowing this, many arrangements have been created authorizing a person to have as much of their money as they want transferred to a charity of their choice after their death.
There are many ways you can donate some or all of your property or money to a charity after your death, if you wish to do so. Direct testamentary gifts are the most common and the most simple way to accomplish this. A testamentary gift simply entails donating the money or property directly to the charity, through a provision in your will.
Charitable Trusts in Gilbert, Arizona
Charitable trusts are arrangements that involve handing possession (but not always ownership) of money or property over to a charity, either 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. 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).
The most typical type of Gilbert, Arizona charitable trust is identified as a "charitable remainder trust." Under this arrangement, some of your money or property is given 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.
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
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If you want to create a charitable trust, you should first talk with someone in charge of the charitable organization you wish to help. They will be able to assist you in setting up the trust, or advise you of their preferred method of donation. This will help you ensure that your donation is as effective in helping the charity as it can possibly be. It is also a good idea to speak with a Gilbert, Arizona attorney, who can help iron out the more technical details.
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Life in Gilbert
Gilbert is a Maricopa County city that was ranked 24th safest city in the United States based on FBI crime statistics. Gilbert also maintains a top-notch school system that earned the title of 36th best place to live by GreatSchools.org. A large percent of Gilbert's 209,000 residents is comprised of families and young professionals, unsurprisingly. The rapidly growing high technology, renewable energy, and life sciences economy supports a wide range of high paying jobs. In fact, the average household income in Gilbert is $98,213 and over 1/3 of the adults hold higher than a bachelor's degree.
There are some very reputable lawyers living in Gilbert and know the local courts systems very well. Gilbert lawyers advise clients on a wide range of cases. Lawyers in Gilbert are knowledgeable of local courts so they'll be able to work with you to determine the best course of action for your case and with which court you should file you claim.
Gilbert is an attractive community for its plentiful amenities too. There are a number of shopping centers that serve the area of Gilbert as well as movie theaters and fun parks. Gilbert offers a number of public parks with picnic and barbeque accommodations. Bike paths and lanes make it easy for cyclists to safely travel throughout Gilbert. Josh Betley, professional BMX rider, lives in Gilbert.