Charitable Giving in Margate, Florida

Find the right Charitable Giving attorney in Margate, FL

Charitable giving in Margate, 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 Margate, Florida

Charitable trusts are typically used for very large donations, and can be made 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 usually only permitted to use the money to advance their organization's charitable mission.

The most typical type of Margate, Florida charitable trust is identified as a "charitable remainder trust." Under this arrangement, some of your money or property is directed to your charity of choice. The charity then invests the money, while giving a percentage of the income generated by these investments to you or a beneficiary of your choice, for a determinate period of time. Once this time is up, ownership of the original fund transfers to the charity.

Wanting to help a charitable cause is, of course, a good thing. Nonetheless, some people seek to take advantage of our good intentions through fraudulent charities. If you want to help ensure that any money you donate to an organization is directly used for a charitable cause, and that your donation will be tax-deductible, you should check to see that the organization is truly tax-exempt. You can find this information from the IRS and/or the agency accountable for taxation in

Do I Need a Margate, Florida Attorney?

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

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

Life in Margate

Margate is a part of the Miami-Fort Lauderdale-Pompano Beach metropolitan area. Margate has an approximate population of 54,000 people.

Two of the most popular attractions in Margate include Sparez and the Eagle Lakes Golf Course. Margate is filled with many naturistic spots where residents and tourists can sit back, relax, and enjoy nature!

Being so near Miami and Fort Lauderdale, Margate residents have available to them a plethora of law firms that train excellent attorenys. These attorneys are highly-qualified to handle both simple and complex legal matters.

All in all, Margate offers residents a small town feel with a unified, community-like spirit.

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