Charitable Giving in Alameda, California

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Charitable giving in Alameda, California is the donating of money or some other asset to a charitable cause.

The simplest 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 commitments 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.

If you decide to make a sizable donation to a charity that will not directly occur until after your death, the easiest (and most largely-used) method is to simply leave the desired amount of money or property to the charitable organization in your will.

Charitable Trusts in Alameda, California

Legal arrangements identified as "charitable trusts" are also utilized to give large amounts of money to charity. It can be used to make the gift quickly, 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. 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 customary kind of charitable trust in Alameda, California is a charitable remainder trust. This permits you to give as much money or property as you want to a charity. The money is then invested by the charity. The investments are typically fairly conservative, sacrificing large returns for security. The charity then returns a portion of these returns to the donor, or another person named by the donor, while keeping the rest. This lasts for a set period of time, at the end of which the charity gets complete ownership of the original fund.

Many charitable donations are deductible from your state and federal taxable income. But, in order for your donations to count, the charity should be registered with the IRS and equivalent institution in .

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Do I Need a Alameda, California 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 Alameda, California, who can help ensure that your intentions are carried out.

29 Wills, Trusts and Estates cases posted to LegalMatch lawyers in Alameda

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Life in Alameda

Alameda, California is a city in Alameda County. Its population is currently about 80,000 people. It is located in the Eastern portion of the San Francisco Bay Area.

Alameda, California is located on two islands: Alameda Island and Bay Farm Island, in the San Francisco bay. Alameda, California is popular with wind surfers, thanks to its proximity to the San Francisco Bay, and the presence of a fairly large public beach in town, which, besides being a good site for wind surfing, provides beautiful views of the San Francisco skyline and the Bay Bridge.

Until 1997, Naval Air Station Alameda was one of the driving forces in the local economy. But it was closed in 1997, during a wave of military cutbacks and base closures that occurred at the end of the Cold War. Nowadays, Alameda, California is a major regional center for wine and spirit production. The alcohol industry is heavily regulated, so these wineries and distilleries hire a large number of Alameda, California attorneys.

If you need to find a lawyer in Alameda, California, you're in luck. There are many well-qualified and experienced attorneys in Alameda, California, who can help you with just about any legal issue you're likely to face.

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