Charitable Giving in Rochester Hills, Michigan

Find the right Charitable Giving attorney in Rochester Hills, MI

In Rochester Hills, Michigan, "charitable giving" involves transferring money or property to an individual or organization, expecting nothing directly in return.

Most charitable donors, while they're alive, give their gifts in the simplest way permitted: handing the money or property they wish to donate over to the person or group they want to assist.

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.

If you decide to make a sizable donation to a charity that will not actually occur until after your death, the easiest (and most typically-used) method is to simply leave the desired amount of money or property to the charitable organization in your will.

Charitable Trusts in Rochester Hills, Michigan

A charitable trust is an arrangement through which some amount of money or property is directed to a charity after the donor's death, or throughout their life.

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

If a person decides to set up a charitable trust in Rochester Hills, Michigan, they usually set up a "charitable remainder trust," since this is usually beneficial to both the donor (or their estate) as well as the charity. The operation of this type of trust is fairly simple: at a set time (usually the donor's death) the property that the donor wants to give to the charity is handed over, and the charity invests it. The charity benefits by getting to keep most of the money that these investments generate. The donor benefits because they also get a percentage of this income, for a period of time laid out in the trust agreement. Afterwards, the recipient of the donation gets it free and clear.

Wanting to help a charitable cause is, of course, a good thing. Nonetheless, some people seek to take advantage of our good intentions through fraudulent charities. If you want to help ensure that any money you donate to an organization is actually used for a charitable cause, and that your donation will be tax-deductible, you should check to see that the organization is actually tax-exempt. You can find this information from the IRS and/or the agency accountable for taxation in

Do I Need a Rochester Hills, Michigan 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 Rochester Hills, Michigan, who can help ensure that your intentions are carried out.

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

Life in Rochester Hills

Rochester Hills is one of Michigan's most affluent cities. It is located northeast of Oakland County, and is home to around 71,000 people.

Some known areas include Rochester College, Oakland University, Meadow Brook Hall, the Dodge-Wilson estate, and the Auburn Hills neighborhood.

The top employers include the school district, Crittenton Hospital, FANUC Robotics, Wrights Filippis, Webasto Roof Systems, Volkswagen, Dura Automotive Systems, and the Henry Ford Health System.

Rochester Hills is also filled with many wonderful parks. Such parks include Paint Creek Trail, Borden Park, Bloomer Park, Avondale Park, Allen Park, and Riverbend Park. For nature lovers, these beautiful parks serve as a great reason to visit.

The area is also filled with some attorneys who practice law with great devotion and a sense of service. These attorneys are not only competent, but also well-connected. Thus, the legal needs of residents and/or businesses will always be taken care of.

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