What Is the HEMS Standard?
The ‘HEMS’ (health, education, maintenance, support) standard in estate planning is used to guide trustees in how/when they should release funds to a beneficiary.
The ‘HEMS’ (health, education, maintenance, support) standard in estate planning is used to guide trustees in how/when they should release funds to a beneficiary.
One of the most useful estate planning tools is a trust, which can be used to create a legacy of wealth and protecting assets. One question to consider when creating one, is whether a grantor or non-grantor trust is more appropriate. A non-grantor trust is any trust that is not a grantor trust.
As a Mecklenburg County trust lawyer, I am often asked by parents if it is possible to protect an inheritance for an adult child who
By Charlotte Will and Trust Lawyer Sabrina Winters If you’re not familiar with Marie Kondo, take some time this week to watch one of her
Trusts are excellent legal tools that can be used to accomplish most estate planning and asset protection planning goals. The most common type of trust