Charitable Giving in Taunton, Massachusetts

Find the right Charitable Giving attorney in Taunton, MA

In Taunton, 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 huge 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 formulate some type of arrangement under which the money will be transferred upon the donor's death.

There are many ways to give a charitable gift that does not take effect until after the donor dies. The simplest and least complex way to do this is a simple testamentary gift in a will - wherein a certain amount of the donor's money is transferred to the charity upon the donor's death.

Charitable Trusts in Taunton, Massachusetts

Legal arrangements known as "charitable trusts" are also utilized to give large amounts of money to charity. It can be used to make the gift quickly, or it can be set to take effect after the donor's death.

Under a charitable trust, the money going to the charity technically still belongs to the donor. Nonetheless, the charity, acting as a trustee, has power to use it for charitable purposes (what the money can and can't be utilized for should be clearly laid out in the trust).

The most common kind of charitable trust in Taunton, Massachusetts is a charitable remainder trust. This allows 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 usually 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 complete ownership of the original fund.

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 Taunton, Massachusetts Attorney?

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

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

Life in Taunton

Founded in the year 1637, Taunton is one of the oldest cities in the entire U.S. It is the county seat of Bristol County, Massachusetts. The city boasts a rich legacy in industrial history. It has traditionally been known as "The Silver City" after its local silversmith operations.

Taunton still maintains its reputation as the producer of some of the world's finest silver products. A Taunton company recently produced the medals for the 1996 Summer Olympics as well as exclusive silverware for the White House. In addition to silver products, Taunton's economy emphasizes semiconductor, electronics, and silicon manufacturing.

Visitors to Taunton can stop by the Silver City Galleria, which is a large shopping center located conveniently near neighboring cities. A popular destination in Taunton is the Taunton Green Historic District. Each December the city of Taunton provides an elaborate light display at Taunton Green. As a result, Taunton has also earned the nickname of "The Christmas City".

Lawyers in Taunton, Massachusetts will usually process legal claims at the Taunton District Court. The district court is authorized to adjudicate a wide array of civil and criminal claims, including felony cases. Taunton lawyers are ready to provide you with professional assistance and advice.

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