Charitable Giving in Jacksonville, Florida

Find the right Charitable Giving attorney in Jacksonville, FL

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

In general, it's quite easy to make a charitable donation to a cause you want to help. Whether it includes 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 intricate legal arrangements.

Some people, however, may be especially dedicated to a certain cause, giving rise to a desire to donate a very large percentage of their assets to it. However, during life, this is usually infeasible, since people have their own expenses that they have to cover. Thus, people often put off this donation until 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 Jacksonville, Florida

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.

The money is still technically owned by the donor, but the charity, serving as a trustee, has the permission to use it for charitable purposes, with the exact scope of this right having been laid out in the trust agreement.

The most prevalent type of charitable trust in Jacksonville, Florida 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.

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

Do I Need a Jacksonville, Florida Attorney?

Making a substantial charitable donation is a generous and admirable act. Nonetheless, good intentions don't always lead to good results. To guarantee that your donation has the most positive impact possible, you should discuss the matter in detail with representatives of the organization(s) you want to donate to. It might be advantageous to have a Jacksonville, Florida lawyer handle these negotiations on your behalf, since they will likely understand the legal and financial complexities involved.

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

Life in Jacksonville

Jacksonville, Florida offers tourists great attractions ranging from family fun, to nature-appreciation, to metropolitan-savvy. For instance, families can enjoy a day at the Jacksonville Zoo Gardens, Little Talbot Island State Park, Eerie Owl Ghost Tour, Friendship Park or the Jacksonville Municipal Stadium.

For those who love nature, a bike stroll with e2ride bike tours is quite popular. Natural history lovers can enjoy the Jacksonville Fire Museum, the Museum of Southern History, Veterans Memorial Wall, and Cummer Museum of Art and Gardens.

After a day of fun, Jacksonville offers an array of places to just sit back and relax. Tourists can enjoy a stroll down Riverwalk, a 1.2 mile stretch of restaurants, bars, shops, and a marina. Further, the Anheuser-Busch Brewery, River City Brewing Company, and City Center offer some great food, drinks, and relaxation. Above are named only some of the great attractions that Jacksonville offers. Alongside offering great attractions, Jacksonville also offers great legal services. It is home to many small to mid-size law firms filled with competent attorneys who focus on keeping clients in the know while working on their cases. All in all, Jacksonville is a great place to visit, and a great place to find the attorney of your choice.

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