Charitable Giving in Jackson, New Jersey

Find the right Charitable Giving attorney in Jackson, NJ

In Jackson, New Jersey, 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.

In general, it's quite easy to make a charitable donation to a cause you want to help. Whether it includes writing a huge check, or dropping spare change in a donation jar, a huge majority of charitable gifts are made simply by giving money away, with no intermediary or other intricate 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 implement some type of arrangement under which the money will be transferred upon the donor's death.

If you want to make a donation that's effective after your death, there are a few ways to do this. The most prevalent method is also the simplest: leaving the charity whatever property you want to give to it in your will - this is known as a "testamentary gift."

Charitable Trusts in Jackson, New Jersey

Charitable trusts are typically used for very large donations, and can be made 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 authority to use it for charitable purposes, with the exact scope of this right having been laid out in the trust agreement.

The most prevalent type of charitable trust in Jackson, New Jersey is a charitable remainder trust. Under this arrangement, you give a specific 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 valid. Sadly, there are quite a few fraudulent charities out there. The ideal 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 Jackson, New Jersey 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 efficient attorney in Jackson, New Jersey, 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 Jackson

Jackson, also known as Jackson Township, is located in New Jersey's Ocean County. Per the 2010 census, Jackson is home to 54,856 people.

Some popular sites include Six Flags Great Adventure, Kingda Ka, Six Flags Hurrican Harbor, Six Flags Wild Safari, and the Jackson Premium Outlets. As one can tell, Jackson is a great place for families to visit.

Some famous residents include Luke Kolbe Mannikus, Parker Bohn III, Melvin Cottrell, Scotty Cranmer, Rich Gaspari, Rob Johnson, Kris Lewis, Vini Lopez, Gina Lynn, Steve Niles, and Zakk Wylde.

Jackson is also home to many law offices and law firms that train excellent attorneys to handle any and every legal inquiry.

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