Charitable Giving in Ogden, Utah

Find the right Charitable Giving attorney in Ogden, UT

In Ogden, Utah, "charitable giving" refers to the act of donating money or property, for selfless motives. It necessarily means that the donor does not plan on receiving any direct compensation for whatever they have given.

Most charitable donors, while they're alive, give their gifts in the simplest way possible: handing the money or property they wish to donate over to the individual or group they want to help.

Some people, however, may be particularly dedicated to a certain cause, giving rise to a desire to donate a very large percentage of their assets to it. However, during life, this is often infeasible, since people have their own expenses that they have to cover. So, people often put off this donation until 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 Ogden, Utah

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.

The money is still technically owned by the donor, but the charity, serving as a trustee, has the right to use it for charitable purposes, with the exact scope of this right having been laid out in the trust agreement.

In Ogden, Utah, 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.

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

Do I Need a Ogden, Utah 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 experienced attorney in Ogden, Utah, 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 & Estates Law Attorney now!

Life in Ogden

Ogden is located in Weber County, Utah. It has a population of 82,825 people per the 2010 census. It is one of Utah's most important cities and in 2010, Forbes Magazine voted Ogden the sixth best place for families to settle in.

Ogden is known for its beautiful history and historic attractions. Such attractions include Bigelow-Ben Lomond Hotel, DaVinci Academy of Science and the Arts, Historic 25th Street, Eccles Avenue Historic District, Jefferson Avenue Historic District, the Junction, Peery's Egyptial Theater, Union Station, Snowbasic and Treehouse Children's Museum. As is obvious, Ogden is a great place for families to visit; there is something for everyone!

The legal force is also present in Ogden via various small firms and law offices run by competent attorneys practicing in any and every legal area of practice. Therefore, Ogden residents do not have to travel far to take care of their legal needs.

Some famous people who have called Ogden home include Hal Ashby, Val A. Browning, Wataru Misaka, Gedde Watanabe, Tanoka Beard, Byron Scott, Colby Bockwoldt, and Brent Scowcroft.

Overall, Ogden is a wonderful place for people to visit and families to call home!

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