How can I ensure that my charitable donations will be properly handled?
When making charitable donations in West Virginia, it is important to ensure that your donations are properly handled to ensure the money goes where you intend it to. One way to do this is to use an estate planning lawyer. An estate planning lawyer can help you create a plan that legally states the intended use of your charitable donation and establish a trust for the donation. This trust will allow you to designate a specific beneficiary of the donation and specify when and how the donation will be used. The trust can also provide tax advantages for you, as it can be a tax-deductible expense. Another way to ensure that your charitable donations are properly handled is to use a qualified charity. Charities must be registered and approved by the IRS in order to receive tax-deductible donations. You should always research any charity you are considering donating to, to make sure they are a legitimate organization and that they are using your money as they say they are. You can also check with the Better Business Bureau or your state’s Attorney General to make sure the charity is properly registered and in good standing. Finally, you should always get a receipt for your charitable donations, and keep this documentation for your records. This will provide proof that you made the donation, and it can help you take advantage of any applicable tax breaks. In addition, it will prove that you followed the correct procedures for donating money to a charity.
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