In Cheverly, Maryland, "charitable giving" involves giving money or property to an individual or organization, expecting nothing directly in return.


Some people, however, may be especially 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 usually infeasible, since people have their own expenses that they have to cover. Therefore, people often put off this donation until after their death.


Charitable Trusts in Cheverly, Maryland



The most frequent type of charitable trust in Cheverly, Maryland is a charitable remainder trust. Under this arrangement, you give a particular 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.


Do I Need a Cheverly, Maryland Attorney?
