Charitable Giving in Chicopee, Massachusetts

Find the right Charitable Giving attorney in Chicopee, MA

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

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 large majority of charitable gifts are made simply by giving money away, with no intermediary or other complicated 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 frequent 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 Chicopee, Massachusetts

Charitable trusts are arrangements that involve handing possession (but not generally ownership) of money or property over to a charity, either during the donor's life, or after their death.

While the money, for a time at least, is still technically owned by the donor, it is possessed and controlled by the charity, which acts as a trustee. The trustee is then able to use the money for the charitable purposes which have been laid out in the agreement that first created the trust.

The most frequent type of charitable trust in Chicopee, Massachusetts is a charitable remainder trust. Under this arrangement, you give a particular 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.

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 Chicopee, Massachusetts Attorney?

Making a substantial charitable donation is a generous and admirable act. However, good intentions don't always lead to good results. To ensure that your donation has the most positive impact possible, you should discuss the matter in detail with representatives of the organization(s) you want to donate to. It might be valuable to have a Chicopee, Massachusetts lawyer handle these negotiations on your behalf, since they will likely understand the legal and financial complexities involved.

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

Life in Chicopee

Chicopee is part of Hampden County, Massachusetts. It is located near the Connecticut River. It has a population of around 55,298 people, making it the second largest city in Western Massachusetts. Springfield is the first.

Chicopee is filled with many small businesses. Some of the top employers include Chicopee Provision Company, Blue Seal, and Millie's Pierogi Company.

Past and present famous residents include Ray Fitzgerald, Damien Fahey, Philip Labonte, Scott Barnes, and The Acacia Strain musical group.

Chicopee is also home to many lawyers who have established law offices and small firms in Chicopee. Thus, any and every legal inquiry can be competently handled by the legal force in Chicopee.

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