Charitable Giving in Sunrise, Florida

Find the right Charitable Giving attorney in Sunrise, FL

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

In general, it's extremely easy to make a charitable donation to a cause you want to help. Whether it contains 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 complicated 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. Therefore, people often put off this donation until after their death.

There are many ways to give a charitable gift that does not take effect until after the donor dies. The simplest and least complicated way to do this is a simple testamentary gift in a will - wherein a particular amount of the donor's money is transferred to the charity upon the donor's death.

Charitable Trusts in Sunrise, 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.

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).

The most frequent type of Sunrise, Florida charitable trust is recognized 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.

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 Sunrise, 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 Sunrise, Florida, who will normally be able to make the process much easier.

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

Life in Sunrise

An interesting fact about Sunrise, Florida was that in September of 2010, Google Maps was unable to locate it! People searching for Sunrise were redirected to Sarasota, Florida. Apparently this was the third time in history that Sunrise was "lost on the Internet."

Today, there are no issues in finding Sunrise. Sunrise is located in Florida's Broward County.

Sunrise is known for its festivals and events! Every year tourists come to the Earth Day Festival, the Harvest Festival and the Cultural Festival. Obviously, Sunrise is a unified, cultured community.

Some well-known corporations have offices in Sunrise. These corporations include Sawgrass Mills, Sawgrass International Corporate Park, and IKEA.

Sunrise is also home to many law firms that train attorneys to provide excellent legal services, with a personalized touch.

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