Charitable Giving in Havelock, North Carolina

Find the right Charitable Giving attorney in Havelock, NC

In Havelock, North Carolina, charitable giving is when a person transfers 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.

The easiest way to make a charitable gift is to just give the money or property directly to the organization you want to help.

Some people want to give a larger percentage of their assets to a charitable organization than would be feasible during life, so they create 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 donating the money or property directly to the charity, through a provision in your will.

Charitable Trusts in Havelock, North Carolina

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

While the money, for a time at least, is still technically owned by the donor, it is possessed and controlled by the charity, which acts as a trustee. The trustee is then able to use the money for the charitable purposes which have been laid out in the agreement that first created the trust.

The most typical type of Havelock, North Carolina charitable trust is identified as a "charitable remainder trust." Under this arrangement, some of your money or property is given 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.

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

Do I Need a Havelock, North Carolina Attorney?

If you want to create a charitable trust, you should first talk with someone in charge of the charitable organization you wish to help. They will be able to assist you in setting up the trust, or advise you of their preferred method of donation. This will help you ensure that your donation is as effective in helping the charity as it can possibly be. It is also a good idea to speak with a Havelock, North Carolina attorney, who can help iron out the more technical details.

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Life in Havelock

Havelock, population 22,000, is located in Craven County in the state of North Carolina. It is one of the state's more quickly growing cities, as it is the second largest in the county. It was originally founded as a railroad station.

Havelock is best known for its connection with the United States military. The city is home to the largest Marine Corps air base on the East Coast, known locally as "Cherry Point". Also, the city is named after Sir Henry Havelock, who was a British military officer operating in India during the 1850's.

Today the town is supported by a bustling economy and is an ideal place for both residents and visitors. The city is served by a fine education system and has many facilities for leisure and recreation purposes. Visitors to the city can inquire at the Havelock Tourist Event Center to receive an in-depth guide to activities in the Havelock.

If you have a legal issue, an attorney in Havelock, North Carolina can be of great assistance. Havelock lawyers handle variety of legal claims and are available for representation and advice.

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