Charitable Giving in Guilford, Connecticut

Find the right Charitable Giving attorney in Guilford, CT

Charitable giving in Guilford, Connecticut 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.

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 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 allowing a person to have as much of their money as they want transferred to a charity of their choice after their death.

If you decide to make a sizable donation to a charity that will not actually occur until after your death, the easiest (and most largely-used) method is to simply leave the desired amount of money or property to the charitable organization in your will.

Charitable Trusts in Guilford, Connecticut

Legal arrangements known as "charitable trusts" are also utilized to give large amounts of money to charity. It can be used to make the gift quickly, or it can be set to take effect after the donor's death.

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).

In Guilford, Connecticut, a "charitable remainder trust" is the most typical kind of charitable trust. This allows the money or property to immediately pass to the charity of the donor's choice, so they can benefit from it as soon as possible. The charity takes the money, and invests it (generally in reliable, but not necessarily high-yield, investments). They keep most of the income that this generates, but return a portion of it to the donor on a regular basis, for a set period of time. When this time runs out, the original donation, along with all the income it will produce, becomes the legal property of the charity, to dispose of as it pleases.

Obviously, if you want to help a good cause, you want to make sure that any charity you donate to is valid. Sadly, there are quite a few fraudulent charities out there. The ideal 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 Guilford, Connecticut Attorney?

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

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

Life in Guilford

Guilford was settled in 1639 and is one of the oldest cities in the state of Connecticut. It is located in New Haven County and has a population of about 22,000. The city is noted for its collection of historic homes. The Henry Whitfield house in Guilford is the oldest dwelling structure in Connecticut and the oldest stone house in all of North America.

Currently Guilford is a great area to live and visit if you are looking for an old "green town" feel. The city is lively and hosts a mix of annual events such as the Guilford LobsterFest and the Guilford Fair. Guilford also has many town parks which perfect for such activities as jogging, bocce games, ice skating, and winter sports.

Historic places to visit in Guilford are numerous and provide people with a glimpse into early American settlement life. Some of these places are the Guilford Historic Town Center and the Comfort Starr House. The Guilford Green is the town's pride and center of activity for the community. Many of the city's most important events such as graduations are held there. It is also a great backdrop for photo sessions.

Lawyers in Guilford, Connecticut typically file their cases at the nearby New Haven County Courthouse. The court hears claims in civil, criminal, and family, traffic, and juvenile law. Guilford lawyers may be contacted for advice and representation in a wide range of legal matters.

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