Charitable Giving in Natick, Massachusetts

Find the right Charitable Giving attorney in Natick, MA

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

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.

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.

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 donating the money or property directly to the charity, through a provision in your will.

Charitable Trusts in Natick, Massachusetts

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.

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 customary kind of charitable trust in Natick, Massachusetts is a charitable remainder trust. This permits 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 typically 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 Natick, Massachusetts 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 Natick, Massachusetts attorney, who can help iron out the more technical details.

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Life in Natick

Located only 15 miles from the state capital of Boston, Natik Massacheutts is a cute suburban town in the greater Boston area. In fact, miles 8-12 of the famous Boston Marathon go through the city. Natick is home to just under 33,000 residents. Natik, which means place of hills, is rather aptly named as the topography of the sixteen mile city is quite hilly. First settled in 1651 by a Puritan missionary, Natick has been growing ever since. There are many religious and secular points of interests in Natick, including: Temple Israel of Natick, BJ's Wholesale Club, and The Bacon Free Library. Natick also has a high number of public and private schools, making the city's education system second to none. Many Bostonians live in Natick and make the simple trek into the city. With the close proximity to Boston, which is home to Harvard Law School, among many others, it is not surprising how many great lawyers call Natick home. Ranging from property law to contract law to divorce issues, Natick lawyers have been trained in some of the best schools in the nation.

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