Charitable Giving in Arlington, Massachusetts

Find the right Charitable Giving attorney in Arlington, MA

In Arlington, Massachusetts, "charitable giving" involves transferring money or property to an individual or organization, expecting nothing directly in return.

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.

Some people want to give a larger percentage of their assets to a charitable organization than would be feasible during life, so they create some type of arrangement under which the money will be transferred upon the donor's death.

If you want to make a donation that's effective after your death, there are a few ways to do this. The most common method is also the simplest: leaving the charity whatever property you want to give to it in your will - this is known as a "testamentary gift."

Charitable Trusts in Arlington, Massachusetts

Legal arrangements known 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.

In a charitable trust, the money that is donated is still legally owned by the donor. But this is largely a formality, as the charity gets possession and control over the money. The charity is then free to use that money, but only for the purposes laid out in the trust instrument.

The most common type of charitable trust in Arlington, Massachusetts is a charitable remainder trust. Under this arrangement, you give a certain amount of money or property to a charity. The charity then invests this money, giving you or a named beneficiary a portion of the income generated from these investments for a set amount of time. Once this expires, the money that was initially invested goes to the charity, free and clear.

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 Arlington, Massachusetts Attorney?

If you want to set up a charitable trust, you should first speak with a representative of the charity you want to support. You should also talk with an experienced attorney in Arlington, Massachusetts, who will be able to help you navigate the legal details, making it easier to give effect to your intentions.

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

Life in Arlington

Arlington is located in Middlesex County, Massachusetts. It is very near Boston--approximately 6 miles northwest of it. Arlington has a population of around 42,900 people.

For nature lovers, Arlington is the place to be! It is filled with beautiful parks. Popular sites include Menotomy Rocks Park, Robbins Farm Park, Robbins Library, and Spy Pond Park. Other popular attractions include the Arlington Center Historic District, the Cyrus E. Dallin Museum, Henry Swan House, the Jason Russell House, Water Tower at Park Circle and the Uncle Sam Memorial Statue.

Past famous residents of Arlington include Dane Cook, Olympia Dukakis, Timothy Hutton, Alan "Blind Owl" Wilson, and Tom Yewcic.

The legal industry also has a presence in Arlington because many attorneys call Arlington home. These attorneys practice in many areas of law and focus on providing excellent and personalized legal services.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Regel B.
Regel B.

Wills, Trusts and Estates

Caldwell, LA

Brad M.
Brad M.

Wills, Trusts and Estates

Sussex, NJ

David L.
David L.

Wills, Trusts and Estates

Ashland, OH

Gotham Light