Charitable Giving in Plymouth, Massachusetts

Find the right Charitable Giving attorney in Plymouth, MA

In Plymouth, 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 establish 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 transferring the money or property directly to the charity, through a provision in your will.

Charitable Trusts in Plymouth, Massachusetts

Charitable trusts are normally used for very large donations, and can be made during the donor's life, or after their 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 frequent kind of charitable trust in Plymouth, Massachusetts 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.

You should make sure the charity is registered with the Internal Revenue Service, and (if applicable) the taxation authority of .

Do I Need a Plymouth, 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 Plymouth, Massachusetts attorney, who can help iron out the more technical details.

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

Life in Plymouth

Plymouth is best known for being the location of the First Thanksgiving Feast and the capital of Plymouth colony, settled in 1620. It's wrought with Pilgrim history and is considered the oldest continuously inhabited English settlement. Plymouth was one of the country's first settlements and attracts tourists to destinations like Plymouth Rock. There's an influx of visitors during the Thanksgiving holiday, schools and families alike. Today, Plymouth is one of two Plymouth County seats and home to 59,000 residents. Jordan Hospital, a major regional medical center, is the largest employer in the city. Aside from tourism, Plymouth has seen a great boom in their research and telecommunications industries. Plymouth is also home to the only nuclear power plant in Massachusetts, the Pilgrim Nuclear Generating Station.

To accommodate the high number of tourists, there are lots of outstanding restaurants and accommodations. The lucky folks who get to move to Plymouth often seek out The Pinehills, a private residential development with two golf courses, a country club, and shopping village. For the children of residents, The Plymouth School System is the largest in Massachusetts with an enrollment of over 8,000 and the First Student Bus Company to provide transportation. Plymouth is host to many other convenient methods of transportation including rail, airport, highway, and ferry services to nearby municipalities. Plymouth is popular among professionals like lawyers. Plymouth lawyers are familiar with local courts and advising on a wide variety of legal matters. Many local lawyers are licensed to practice in a number of local New England states.

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