Charitable Giving in Bayonne, New Jersey

Find the right Charitable Giving attorney in Bayonne, NJ

In Bayonne, New Jersey, charitable giving is when a person gives 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.

What if, on the other hand, a donor wishes to give everything they own (or a significant chunk of everything they own) to a charity? This is very 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 allowing 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 actually occur until after your death, the easiest (and most commonly-used) method is to simply leave the desired amount of money or property to the charitable organization in your will.

Charitable Trusts in Bayonne, New Jersey

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.

In Bayonne, New Jersey, a "charitable remainder trust" is the most common kind of charitable trust. This allows the money or property to immediately pass to the charity of the donor's choice, so they can benefit from it as soon as possible. The charity takes the money, and invests it (generally in reliable, but not necessarily high-yield, investments). They keep most of the income that this generates, but return a portion of it to the donor on a regular basis, for a set period of time. When this time runs out, the original donation, along with all the income it will generate, becomes the legal property of the charity, to dispose of as it pleases.

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 Bayonne, New Jersey Attorney?

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

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

Life in Bayonne

Bayonne is located in Hudson County, New Jersey, just south of Jersey City. It derives its name from Bayonne, France. A main attraction in the city is the Bayonne Bridge, which connects it to Staten Island, New York. Red, white, and blue lights illuminate the bridge in the evening, as a 9/11 memorial.

The city was initially founded as a township in 1861 and officially incorporated in 1869. Bayonne currently has a population of about 57,000. Notable residents of Bayonne have included actress Sandra Dee and basketball player Shaquille O'Neal.

Popular outdoors destinations in the city include Constable Hook, Bergen Point, and the Hackensack RiverWalk. Bayonne is home to several places on the list of National Registered Historic Places and Museums. Such places include Robbins Reef Light, Bayonne Truck House No.1, and Bayonne Trust Company.

The city of Bayonne is located near Newark Airport and the Newark Turnpike. It is served by the Hudson-Bergen Light Rail Transit System. The Bayonne Board of Education provides public education schools for city residents. Bayonne High School has an on-campus ice rink facility for its hockey team.

Bayonne has been called "The Peninsula of Industry" by its locals. Recently it has been earning a reputation as "The Peninsula of Business and Technology". Traditional industries in Bayonne are being upgraded with new technologies and facilities, especially in the service sector.

Bayonne lawyers typically file their cases at the Bayonne Municipal Court. Appeals may be processed with the Appellate Division of the New Jersey Superior Court. Many lawyers in Bayonne, New Jersey are members of other Bar Associations in addition to the New Jersey Bar Association.

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