Charitable Giving in Cary, North Carolina

Find the right Charitable Giving attorney in Cary, NC

In Cary, North Carolina, charitable giving is when a person donates something to an organization or individual, without consideration (getting something directly in return). This is for the purpose of advancing some type of cause, helping people in need, or any other altruistic motive.

In life, charitable giving normally simply involves writing a check or handing cash over to the charitable organization of the donor's choice.

What if, on the other hand, a donor wishes to give everything they own (or a considerable chunk of everything they own) to a charity? This is extremely generous, of course, but it's rarely possible during life, considering the expenses and obligations we all have. On the other hand, most people don't think they'll be needing their money after they die. Knowing this, many arrangements have been created permitting a person to have as much of their money as they want transferred to a charity of their choice after their death.

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

Charitable Trusts in Cary, North Carolina

A charitable trust is an arrangement by which a large amount of money can be given to a charity after the death of the donor, or during the donor's life.

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.

If a person decides to set up a charitable trust in Cary, North Carolina, they normally 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 (normally 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.

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

Do I Need a Cary, North Carolina Attorney?

When attempting to establish a charitable trust, or make another charitable donation, the first thing you should do is discuss this with the organization you want to make the donation to. They will probably be able to advise you on how to donate your money in the way that will be most useful to them. And, of course, you should speak with an attorney in Cary, North Carolina, who will normally be able to make the process much easier.

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

Life in Cary

Cary, North Carolina, is situated in Wake County and Chatham County. The city is the second largest in Wake County with a population of 143,000 people. It is an important suburb of the city of Raleigh and belongs to the region known as "the Triangle" area. Cary is also less than 20 minutes from major universities like University of North Carolina and Duke. Over two-thirds of Cary adult residents have college degrees.

The city of Cary, North Carolina is known as the "Technology Town of North Carolina" due to its proximity to Research Triangle Park. The Research Triangle hosts research and development facilities for over 150 high-tech organizations, and is the worksite for over 39,000 employees. Also, Cary's government has made considerable efforts at increasing the quality and availability of technology in the city.

In addition, Cary's government maintains an aesthetically pleasing and artistic feel to the city. Popular destinations include William B. Umstead State Park, the Page-Walker Hotel, and the USA Baseball National Training Complex. Many events and festivals are held in Cary, North Carolina, such as the Spring Daze Arts Crafts Festival and the NC Eid Festival.

Lawyers in Cary, North Carolina practice law in many different fields and cover a variety of legal matters. Experienced attorneys in Cary are familiar with the unique laws of the city. They provide legal advice, guidance, and representation in situations where the presence of an attorney is needed.

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