Many individuals want to give a portion of their assets away to a specific charity when they pass away. An individual can accomplish this goal through two types of charitable trusts, including a charitable remainder trust or a charitable lead trust.<\/p>\n

By setting up a charitable remainder trust, an individual must designate a trustee, such as a spouse or some other loved one, to manage the trust. The individual will then transfer assets and other property into a trust account. At that point, the individual can sell off the various trust assets and then reinvest the proceeds. When the person passes away, the remaining assets in the trust will go to a designated charitable entity.<\/p>\n

When a person establishes a charitable lead trust, he or she must also designate a recipient. Upon creation of the trust, the individual\u2019s assets, including any dividends accumulated, can go to benefit the designated charity. As part of a charitable lead trust, you could designate a certain percentage of your assets in the trust to go to an established charity for a specified number of years. Once that time period elapses, the remainder of the trust assets will go to certain designated beneficiaries.<\/p>\n

A knowledgeable California estate planning and trust attorney can assist you with drafting estate documents and setting up a charitable trust for your assets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Estate planning is essential for all elderly individuals. When a person dies without a trust or a will in place, the person\u2019s remaining property and money will typically go to various individuals pursuant to California law. Therefore, when a person dies intestate, it is usually the state of California that will determine which person receives […]<\/p>\n","protected":false},"author":3,"featured_media":3214,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-3211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate-planning"],"_links":{"self":[{"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/posts\/3211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/comments?post=3211"}],"version-history":[{"count":2,"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/posts\/3211\/revisions"}],"predecessor-version":[{"id":3213,"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/posts\/3211\/revisions\/3213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/media\/3214"}],"wp:attachment":[{"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/media?parent=3211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/categories?post=3211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bryantelderlaw.com\/wp-json\/wp\/v2\/tags?post=3211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}