Charitable Giving in Whittier, California

Find the right Charitable Giving attorney in Whittier, CA

Charitable giving in Whittier, 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.

Some generous donors will sometimes give virtually everything they own to charity. This is a wonderful thing to do, but it's not really practical - after all, just about everyone 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 assistance after their death.

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

Charitable Trusts in Whittier, California

Legal arrangements identified as "charitable trusts" are also used to give large amounts of money to charity. It can be used to make the gift immediately, or it can be set to take effect after the donor's 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 customary kind of charitable trust in Whittier, 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 full ownership of the original fund.

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

Do I Need a Whittier, California Attorney?

If you wish to set up a charitable trust, you should consult with the organization directly. They frequently know the easiest way to direct any charitable giving to their organization. You should also speak with a knowledgeable trusts and estates attorney in Whittier, California, who can help ensure that your intentions are carried out.

Talk to a Wills, Trusts and Estates Law Attorney now!

Life in Whittier

Whittier is located in Los Angeles County in the state of California. About 12 miles away from Los Angeles, Whittier is a favored commuter city with its bustling economic and residential scene. Whittier, California was named after John Greenleeaf Whittier, a famous poet. The city has over 85,000 residents and was first incorporated in 1898.

Whittier, California is an excellent city for recreation and leisure activities. The city maintains an extensive recreation department that offers youth sports, adult instructional courses, and senior activities. Shopping is excellent in places like the Whittwood Town Center, which is a mall featuring various national retail stores. In addition, the city of Whittier places much emphasis on the development of cultural arts in the city, with projects like the Whittier Cultural Arts Foundation, Art in Public Places, and the Community Arts Coalition.

With its rich history, Whittier, California is also known for its high concentration of historic landmarks, registered both nationally and with the state of California. In particular, the Pio Pico State Historic Park is a well-frequented site, as well as the Whittier Museum. Whittier College is also located in the city and is one of the major employers for the region.

Lawyers in Whittier, California serve the community by offering legal services in a diverse range of fields. Whittier lawyers typically file lawsuits at the Superior Court of California, County of Los Angeles. Experienced lawyers in Whittier can help address legal inquires and provide representation in court.

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