Charitable Giving in Dalton, Georgia

Find the right Charitable Giving attorney in Dalton, GA

Charitable giving in Dalton, Georgia 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 large majority of charitable gifts are made simply by giving money away, with no intermediary or other intricate legal arrangements.

What if, on the other hand, a donor wishes to give everything they own (or a substantial chunk of everything they own) to a charity? This is quite generous, of course, but it's rarely possible during life, considering the expenses and obligations 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 authorizing a person to have as much of their money as they want transferred to a charity of their choice 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 Dalton, Georgia

Charitable trusts are arrangements that involve handing possession (but not always 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 usually only permitted to use the money to advance their organization's charitable mission.

The most typical type of Dalton, Georgia charitable trust is identified as a "charitable remainder trust." Under this arrangement, some of your money or property is given 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 ensure that the charity you want to help is registered with them. This will help make sure that your money is used for a good cause (and not to line somebody's pockets) and that your contribution will be tax-deductible.

Do I Need a Dalton, Georgia Attorney?

When attempting to establish 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 Dalton, Georgia, who will typically be able to make the process much easier.

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

Life in Dalton

Located in the foothills of the Blue Ridge mountains, Dalton, Georgia is a self-proclaimed great place to live, work, and play. Home to roughly 33,000 residents Dalton has major Southern charm.

Known as the carpet capital of the world, Dalton is home to many of the nation's top carpet companies. Home to over 150 carpet factories, more than 90% of the world's carpet is produced in Dalton! Dalton also had many civil war relics and other historical sites, making it a great place for history buffs to visit and Dalton residents to admire and ejoy. In fact, Dalton was recently recognized as having more intact Civil Way artifacts than any other city in the country.

Fast forwarding from the civil war, Dalton is also home to many talented lawyers. Dalton lawyers specialize in a range of legal issues and are available to help serve their clients in any capacity they may find themselves dealing with. If you find yourself in Dalton, and in need of a top-notch attorney, then look no further. Dalton,Georgia is a great place for carpet, history lessons, and great attorneys.

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