Charitable Giving in Bonita Springs, Florida

Find the right Charitable Giving attorney in Bonita Springs, FL

Charitable giving in Bonita Springs, Florida is the giving of money or some other asset to a charitable cause.

In general, it's very easy to make a charitable donation to a cause you want to help. Whether it involves writing a huge check, or dropping spare change in a donation jar, a huge majority of charitable gifts are made simply by giving money away, with no intermediary or other complex legal arrangements.

What if, however, you want to give all or most of your assets to a charity, to really make a big difference? This is often not practical while the donor is alive, since they presumably have expenses, and want to maintain for themselves the lifestyle to which they're accustomed. Luckily, there are a few arrangements allowing you to have your assets transferred to a charity after your death.

There are many ways you can donate some or all of your property or money to a charity after your death, if you wish to do so. Direct testamentary gifts are the most common and the most simple way to accomplish this. A testamentary gift simply entails giving the money or property directly to the charity, through a provision in your will.

Charitable Trusts in Bonita Springs, Florida

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.

In a charitable trust, the property is still technically owned by the donor, but the recipient retains possession and control over it. As the trustee, the charity is free to use the money for any purpose laid out in the trust agreement. With a charitable trust, trustees are generally only allowed to use the money to advance their organization's charitable mission.

If a person decides to set up a charitable trust in Bonita Springs, Florida, they usually set up a "charitable remainder trust," since this is usually beneficial to both the donor (or their estate) as well as the charity. The operation of this type of trust is fairly simple: at a set time (usually the donor's death) the property that the donor wants to give to the charity is handed over, and the charity invests it. The charity benefits by getting to keep most of the money that these investments generate. The donor benefits because they also get a percentage of this income, for a period of time laid out in the trust agreement. Afterwards, the recipient of the donation gets it 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 Bonita Springs, Florida 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 Bonita Springs, Florida, who will usually be able to make the process much easier.

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

Life in Bonita Springs

Bonita Springs plays host to 45,000 Lee County residents who are also incorporated into the Cape Coral-Fort Myers Metropolitan Area. Bonita Springs is home to a host of lawyers. Bonita Springs lawyers take all kinds of cases and are licensed to practice in every county throughout the state.. One of the reasons Bonita Springs is so popular is a result of the tropical climate that only dips down to 65 degrees Fahrenheit in January. It is also the northernmost city on the west coast of Florida bordering the Estero Bay and Gulf of Mexico. The Everglades Wonder Garden is another popular destination flush with wildlife like alligators, birds, panthers, flamingos, and bears among many others. There's also a botanical garden.  

Bonita Springs is home to a number of attractions that are frequented by citizens and seasonal tourists alike. The Art League of Bonita Springs hosts local and traveling exhibitions and offers classes and community events. The Bonita Beach Park is a very popular beach that stretches 2.3 acres of waterfront which includes 8 picnic shelters, a swimming area, sand dunes, and lots of space to barbecue and enjoy the gorgeous Florida weather. 

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