Charitable Giving in Fort Wayne, Indiana

Find the right Charitable Giving attorney in Fort Wayne, IN

In Fort Wayne, Indiana, "charitable giving" involves giving money or property to an individual or organization, expecting nothing directly in return.

In life, charitable giving normally simply involves writing a check or handing cash over to the charitable organization of the donor's choice.

Some generous donors will sometimes give essentially everything they own to charity. This is a wonderful thing to do, but it's not really practical - after all, just about everyone has bills to pay. One solution to this is to put off such a generous donation until after death. This allows the donor to meet their obligations during life, while having the satisfaction of knowing that a cause they care about will be given a large amount of assistance after their death.

There are many ways to give a charitable gift that does not take effect until after the donor dies. The easiest 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 Fort Wayne, Indiana

Legal arrangements recognized as "charitable trusts" are also used to give large amounts of money to charity. It can be used to make the gift immediately, or it can be set to take effect after the donor's 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).

The most frequent kind of charitable trust in Fort Wayne, Indiana is a charitable remainder trust. This authorizes you to give as much money or property as you want to a charity. The money is then invested by the charity. The investments are normally fairly conservative, sacrificing large returns for security. The charity then returns a portion of these returns to the donor, or another person named by the donor, while keeping the rest. This lasts for a set period of time, at the end of which the charity gets full ownership of the original fund.

Most charitable donations are deductible from your state and federal taxable income. However, in order for your donations to count, the charity should be registered with the IRS and equivalent institution in .

Do I Need a Fort Wayne, Indiana Attorney?

If you wish to set up a charitable trust, you should consult with the organization directly. They commonly know the easiest way to direct any charitable giving to their organization. You should also speak with a brilliant trusts and estates attorney in Fort Wayne, Indiana, who can help ensure that your intentions are carried out.

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

Life in Fort Wayne

Fort Wayne, Indiana gives visitors the small-town feel that makes Indiana so great. Along with the small town community-feel, Fort Wayne has a lot of things for visitors to do.

For the nature lovers, they can visit Foellinger-Freimann Botanical Conservatory, which is famous for the display of beautiful plants, shopping, and family outings. Another site great for family outings is the Fort Wayne Children's Zoo, which includes great restaurants and cafes and wonderful exhibits of animals!

Sports lovers will have their sports-loving needs catered to with the Fort Wayne TinCaps Baseball Stadium and Parkview Field. The nature lovers have Rivergreenway Trail, and Headwaters Park.

Other popular attractions include Hoosier Park Racing Casino for the adventurous risk-takers, Fort Wayne Civic Theatre for those who love shows, and Veterans Memorial National Shrine, which holds over 5,000 artifacts from the Civil War for all the visitors who are history-buffs.

Fort Wayne is also filled with many small to medium sized law firms who practice in all areas of law. Thus, Fort Wayne citizens do not have to travel far to receive personalized and effective legal representation.

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