Charitable Giving in Statesboro, Georgia

Find the right Charitable Giving attorney in Statesboro, GA

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

What if, on the other hand, a donor wishes to give everything they own (or a significant chunk of everything they own) to a charity? This is very 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 allowing 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 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 Statesboro, Georgia

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.

Under a charitable trust, the money going to the charity technically still belongs to the donor. However, the charity, acting as a trustee, has authority to use it for charitable purposes (what the money can and can't be used for should be clearly laid out in the trust).

If a person decides to set up a charitable trust in Statesboro, Georgia, 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.

Obviously, if you want to help a good cause, you want to make sure that any charity you donate to is legitimate. Sadly, there are quite a few fraudulent charities out there. The best way to do this is to check and make sure that the charity is registered as a tax-exempt organization with the IRS, and the tax authorities in

Do I Need a Statesboro, Georgia Attorney?

If you want to create a charitable trust, you should first talk with someone in charge of the charitable organization you wish to help. They will be able to assist you in setting up the trust, or advise you of their preferred method of donation. This will help you ensure that your donation is as effective in helping the charity as it can possibly be. It is also a good idea to speak with a Statesboro, Georgia attorney, who can help iron out the more technical details.

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Life in Statesboro

Statesboro, Georgia is home to almost 70,000 residents. In addition to being one of the larger cities in the state of Georgia, Statesboro is also home to Georgia Southern University, a presence which gives the city a charming college town feel. The University also happens to be the city's largest employer. Many students that come to Statesboro for college or graduate school decide to stay in the southern city, which explains the young population of Statesboro. Statesboro is located on 12.6 square miles and has an economy heavily dependent on agriculture. Statesboro is also home to WalMart's largest distribution center in the world. Statesborohas also been featured in movies such as Now and Then and 1969. The Statesboro newspaper industry has received local and national recognition for its innovation in online technologies. The thriving college community makes for many great lawyers to liveand practice in Statesboro. Statesboro lawyers range in their specialties and are skilled in any legal issue a client may be dealing with.The local lawyers in Statesboro are just one more aspect of Statesboro that makes it a wonderful city to live in.

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