Charitable Giving in Englewood, Colorado

Find the right Charitable Giving attorney in Englewood, CO

Charitable giving in Englewood, Colorado 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 possible: giving the gift to the intended beneficiary.

What if, on the other hand, a donor wishes to give everything they own (or a significant chunk of everything they own) to a charity? This is very generous, of course, but it's rarely possible during life, considering the expenses and obligations 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 allowing 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 allowing 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 common.

Charitable Trusts in Englewood, Colorado

Charitable trusts are arrangements that involve handing possession (but not necessarily ownership) of money or property over to a charity, either during the donor's life, or after their death.

While the money, for a time at least, is still technically owned by the donor, it is possessed and controlled by the charity, which acts as a trustee. The trustee is then able to use the money for the charitable purposes which have been laid out in the agreement that first created the trust.

The most common type of charitable trust in Englewood, Colorado is a charitable remainder trust. Under this arrangement, you give a certain 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.

Obviously, if you want to help a good cause, you want to make sure that any charity you donate to is legitimate. Sadly, there are quite a few fraudulent charities out there. The best way to do this is to check and make sure that the charity is registered as a tax-exempt organization with the IRS, and the tax authorities in

Do I Need a Englewood, Colorado 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 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 Englewood, Colorado attorney, who can help iron out the more technical details.

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

Life in Englewood

Englewood, Colorado is a community in Arapahoe County, Colorado. It is a home-rule municipality, and has a population of about 33,000 people.

Englewood, Colorado is part of the Denver metropolitan area, and the robust economy of Denver and other larger cities nearby provides the basis for the economy and job market in Englewood.

The Denver area has in recent years become a major hub for the technology industry, with many high-tech companies having large offices there. This industry provides a major boost for the Englewood, Colorado job market.

These tech companies employ a large number of professionals in a wide variety of fields, including several Englewood, Colorado lawyers.

If you live in Englewood, Colorado and are in need of legal advice, chances are very good that there is an Englewood, California attorney who can help you with whatever legal issue you might face.

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