Charitable Giving in Sunnyvale, California

Find the right Charitable Giving attorney in Sunnyvale, CA

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

The vast majority of charitable gifts are made using the most simple method feasible: giving the gift to the intended beneficiary.

Some generous donors will sometimes give basically everything they own to charity. This is a wonderful thing to do, but it's not really practical - after all, just about everybody has bills to pay. One solution to this is to put off such a generous donation until after death. This allows the donor to meet their obligations during life, while having the satisfaction of knowing that a cause they care about will be given a large amount of help after their death.

There are many ways to give a charitable gift that does not take effect until after the donor dies. The simplest and least complex way to do this is a simple testamentary gift in a will - wherein a certain amount of the donor's money is transferred to the charity upon the donor's death.

Charitable Trusts in Sunnyvale, California

A charitable trust is an arrangement through which some amount of money or property is directed to a charity after the donor's death, or throughout their life.

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 common type of Sunnyvale, California charitable trust is known as a "charitable remainder trust." Under this arrangement, some of your money or property is directed 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.

If you wish to set up a charitable trust in you should check with the IRS and equivalent state agencies to confirm that the charity you want to help is registered with them. This will help make sure that your money is utilized for a good cause (and not to line somebody's pockets) and that your contribution will be tax-deductible.

Do I Need a Sunnyvale, California Attorney?

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 confirm 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 Sunnyvale, California attorney, who can help iron out the more technical details.

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Life in Sunnyvale

Sunnyvale, California is a major city in the Silicon Valley of the San Francisco Bay Area. It has a population of 140,000 and is an important contributor to the field of high-tech electronic and digital technology. Sunnyvale is home to several major high-tech companies, and consistently ranks as one of the safest cities in the entire country.

As early as the 1960's, major corporations have been moving to Sunnyvale, California to participate in the digital and electronic boom centered in the Silicon Valley. Companies such as Yahoo!, Advanced Micro Devices, and Palm, Inc. are headquartered in the city. Steve Wozniak, co-founder of Apple, grew up in Sunnyvale, where he was exposed to the innovation and technology in Silicon Valley.

Sunnyvale is a unique city in that it maintains a Department of Public Safety. This department is a single, unified body that trains all personnel to operate as police officers, firefighters, and emergency medical response teams. This arrangement helps contribute to the city's low crime and overall city. Sunnyvale also holds a number of community social events that provide residents with ample opportunities for recreation.

Lawyers in Sunnyvale, California practice law in a number of fields in order to serve the unique needs of the city's businesses and residents. Sunnyvale lawyers process many legal claims at the Sunnyvale branch of the Superior Court of California, County of Santa Clara.

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