Charitable Giving in Baltimore, Maryland

Find the right Charitable Giving attorney in Baltimore, MD

In Baltimore, Maryland, "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 large 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 establish 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 easiest 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 Baltimore, Maryland

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

The money is still technically owned by the donor, but the charity, serving as a trustee, has the power to use it for charitable purposes, with the exact scope of this right having been laid out in the trust agreement.

The most common type of charitable trust in Baltimore, Maryland is a charitable remainder trust. Under this arrangement, you give a certain 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 Baltimore, Maryland Attorney?

If you want to set up a charitable trust, you should first speak with a representative of the charity you want to support. You should also talk with an experienced attorney in Baltimore, Maryland, who will be able to help you navigate the legal details, making it easier to give effect to your intentions.

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

Life in Baltimore

Baltimore, Maryland is known to many as an exciting city. It is located in central Maryland along a part of the Patapsco River. Baltimore's population is approximately 2.7 million, with a very diverse population.

Popular attractions in Baltimore include Fort McHenry National Monument, the American Visionary Art Museum, the Maryland Science Center, Geppi's Entertainment Museum, Federal Hill Park, and the USS Constellation.

Of course Baltimore is home to many more attractions that can be written about; they simply need to be visited and experienced! Being such a great city, Baltimore is home to a very strong legal force. There are many small, mid-size, and large firms in the city that practice in practically all areas of law. Baltimore residents should rest assure, because any of their legal needs can adequately be addressed.

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