Charitable Giving in Revere, Massachusetts

Find the right Charitable Giving attorney in Revere, MA

In Revere, 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 huge 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 formulate 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 Revere, 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 receives possession and control over the money. The charity is then free to use that money, but exclusively for the purposes laid out in the trust instrument.

The most frequent type of Revere, Massachusetts charitable trust is recognized as a "charitable remainder trust." Under this arrangement, some of your money or property is directed to your charity of choice. The charity then invests the money, while giving a percentage of the income generated by these investments to you or a beneficiary of your choice, for a determinate period of time. Once this time is up, ownership of the original fund transfers to the charity.

If you wish to set up a charitable trust in you should check with the IRS and equivalent state agencies to confirm that the charity you want to help is registered with them. This will help make sure that your money is utilized for a good cause (and not to line somebody's pockets) and that your contribution will be tax-deductible.

Do I Need a Revere, Massachusetts Attorney?

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

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

Life in Revere

Revere is a Suffolk County city that is named after the famous American patriot Paul Revere. Revere is positioned near some other great suburbs as well as the Atlantic ocean to the east. There are a total of 10 square miles that make up Revere and 4.1 of them are open water and wetlands.

About 70% of the usable land is devoted to housing and there are 56,770 Suffolk County residents living there. It was originally settled in 1630 and was incorporated as a city in 1846. The City of Revere is well connected by the MTBA Blue Line, in fact, it's the very last stop. The line connects to Wonderland, Revere Beach, and Beachmont.

Revere Beach is the oldest public beach in the United States and has a thriving beachfront shopping and dining district. During the summer, tourists love to go to the beach and eat at the nearby restaurants. Wonderland Greyhound Park has been offering gambling on greyhound races since 1935 but has recently shut down because of the September 18th, 2009 ban on greyhound racing.

Notables of the area include singer songwriters Norman Greenbaum and Danielle Miraglia, NFL quarterback Jim Del Gaizo, and soap opera actress Robin Christopher. Chelsea Creek, in Revere, was the location of the first naval battle of the Revolutionary War in 1775. Revere is a bustling city that plays host to a number of businesses and outstanding citizens. Revere's lawyers are familiar with local problems and court procedures. Lawyers in Revere can help do anything from drafting a will or contract to criminal and family matters.

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