Charitable Giving in Tustin, California

Find the right Charitable Giving attorney in Tustin, CA

Charitable giving in Tustin, 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 Tustin, 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.

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 receives possession and control over the money. The charity is then free to use that money, but exclusively for the purposes laid out in the trust instrument.

The most common type of Tustin, 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.

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

Do I Need a Tustin, California 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 Tustin, California, 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 and Estates Law Attorney now!

Life in Tustin

Tustin, California is a thriving community in Orange County near Los Angeles. Tustin has a suburban character and is home to a population of about 76,000 people. The city has been listed in Forbes Magazine as one of the top 25 places to live in America. This may be largely due to Tustin's top 10% ranking in terms of per capita, as well as the city's short commuting distance to other areas in Los Angeles.

The city of Tustin, California is also known for its rich availability of economic and employment opportunities. Top employers in the area include ABM Industries, Lineage Power, and Rockwell Collins. The health care industry also supports much of Tustin's economy. Many Tustin residents also work in the surrounding cities and enjoy a short commute to other major areas.

Visitors to Tustin can look forward to an abundance of attractions and events. Places like the Market Place and Jamestown Village Center provide excellent shopping in an old town-style setting. The Tustin Sports Park and Columbus Tustin Activity Center are venues for many sports and recreation events. Local gatherings include Old Town Art Walk, and the "Halloween Howl" festival. Overall, Tustin California is an ideal location for leisure and residence.

Lawyers in Tustin, California assist the community by providing a wide range of legal services. Tustin lawyers are available to assist clients at the Superior Court of California, County of Orange. The court processes a variety of claims, many of them involving the specific ordinances and statutes in Tustin.

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