Charitable Giving in Yorba Linda, California

Find the right Charitable Giving attorney in Yorba Linda, CA

Charitable giving in Yorba Linda, 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 feasible: giving the gift to the intended beneficiary.

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.

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 Yorba Linda, 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 prevalent type of charitable trust in Yorba Linda, California is a charitable remainder trust. Under this arrangement, you give a specific amount of money or property to a charity. The charity then invests this money, giving you or a named beneficiary a portion of the income generated from these investments for a set amount of time. Once this expires, the money that was initially invested goes to the charity, free and clear.

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 .

Do I Need a Yorba Linda, California Attorney?

When attempting to create a charitable trust, or make another charitable donation, the first thing you should do is discuss this with the organization you want to make the donation to. They will probably be able to advise you on how to donate your money in the way that will be most useful to them. And, of course, you should speak with an attorney in Yorba Linda, California, who will typically be able to make the process much easier.

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

Life in Yorba Linda

Yorba Linda is a suburb within the beautiful Orange County, California. It is home to approximately 62,234 people. It is well-known because Richard Nixon was born there! Therefore, a popular site to visit is the Richard Nixon Presidential Library and Museum. Yorba Linda has been ranked as twenty-one amongst the best places in the United States to live in. CNN Money reported that it was one of the most affluent areas in the United States, because the median income was ,000.

Other famous residents include Sabrina Bryan, Steven Lenhart, Ashley Edner, Alli Mauzey, Chris Pontius, Danielle Fishel, Jim Edmonds, Dan Kennedy, and Bengie Molina.

Orange County is home to many law firms of all sizes, with very competent attorneys. Therefore residents of Yorba Linda have no problem finding the best lawyer to handle their legal issues.

All in all Yorba Linda is a wonderful place to live in with great people, a well-educated, affluent population, and beautiful beaches around. It is easily understandable why this area has been picked as one of the best places to live in the United States!

Clients Rate LegalMatch Attorneys
(click to read reviews)

Regel B.
Regel B.

Wills, Trusts and Estates

Caldwell, LA

Brad M.
Brad M.

Wills, Trusts and Estates

Sussex, NJ

David L.
David L.

Wills, Trusts and Estates

Ashland, OH

Gotham Light