Charitable Giving in Costa Mesa, California

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Charitable giving in Costa Mesa, 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 possible: 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. However, there are a few arrangements authorizing you to have your assets transferred to a charity after your death.

There are many arrangements authorizing 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 prevalent.

Charitable Trusts in Costa Mesa, California

Charitable trusts are typically used for very large donations, and can be made during the donor's life, or after their death.

In a charitable trust, the money that is donated is still legally owned by the donor. But this is largely a formality, as the charity gets possession and control over the money. The charity is then free to use that money, but only for the purposes laid out in the trust instrument.

The most typical type of Costa Mesa, California 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.

You should make sure the charity is registered with the Internal Revenue Service, and (if applicable) the taxation authority of .

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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 Costa Mesa, California attorney, who can help iron out the more technical details.

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Life in Costa Mesa

Costa Mesa, California is a city in Orange County. Its population is currently 110,000 people.

Costa Mesa, California was founded in 1953. It was primarily a rural community at its founding, and it gradually transitioned into a suburban "edge" community with a strong economy based on commerce, retail, and light manufacturing.

The largest commercial center in Costa Mesa is the South Coast Plaza, a shopping center of over 300 stores. It is known for its unique architecture and large size. Consumers spend well over 1 billion dollars per year, providing a major driving force of Costa Mesa's economy. The owners of the shopping center typically need legal representation when negotiating and finalizing lease agreements with tenants. The owners, as well as prospective tenants, employ or retain large numbers of Costa Mesa, California attorneys.

If you need to find legal advice in Costa Mesa, California, you should start by seeking out a qualified attorney in Costa Mesa. A Costa Mesa lawyer can probably help you with whatever legal issue you may be facing.

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