Charitable Giving in Woodbridge, New Jersey

Find the right Charitable Giving attorney in Woodbridge, NJ

In Woodbridge, 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 large 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 establish some type of arrangement under which the money will be transferred upon the donor's death.

There are many ways to give a charitable gift that does not take effect until after the donor dies. The easiest and least intricate way to do this is a simple testamentary gift in a will - wherein a specific amount of the donor's money is transferred to the charity upon the donor's death.

Charitable Trusts in Woodbridge, New Jersey

Charitable trusts are arrangements that involve handing possession (but not always ownership) of money or property over to a charity, either during the donor's life, or after their death.

Under a charitable trust, the money going to the charity technically still belongs to the donor. However, the charity, acting as a trustee, has authority to use it for charitable purposes (what the money can and can't be used for should be clearly laid out in the trust).

The most customary kind of charitable trust in Woodbridge, New Jersey is a charitable remainder trust. This permits you to give as much money or property as you want to a charity. The money is then invested by the charity. The investments are typically fairly conservative, sacrificing large returns for security. The charity then returns a portion of these returns to the donor, or another person named by the donor, while keeping the rest. This lasts for a set period of time, at the end of which the charity gets full ownership of the original fund.

Wanting to help a charitable cause is, of course, a good thing. However, 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 directly used for a charitable cause, and that your donation will be tax-deductible, you should check to see that the organization is truly tax-exempt. You can find this information from the IRS and/or the agency responsible for taxation in

Do I Need a Woodbridge, New Jersey Attorney?

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

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

Life in Woodbridge

The township of Woodbridge New Jersey is located in Middlesex County. Woodbridge has a population of just under 100,000 residents, making it the fifth largest municipality in the state of New Jersey. Woodbridge also has the honor of being the oldest township in the entire state.

It is easy to see the history Woodbridge has to offer and many visitors enjoy the points of interests and historical figures that came out of the city. Named after Reverend John Woodbridge, the city has been growing rapidly since its founding.

One sector of Woodbridge that is of particular interest is the legal community. Woodbridge lawyers are trained at some of the best law schools in the country and skilled in a range of practice areas to help his or her client with their issue. Woodbridge lawyers enjoy everything the township has to offer, and also enjoy using their legal knowledge to help their neighbor.

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