(l-r) Justin H. Brown, Brittany A. Yodis, and George M. Riter Jr. Courtesy photosUnderstanding the HEMS Standard in Trusts
This ascertainable standard is frequently used by estate planners to determine how and when a trustee may make distributions, allow a beneficiary the opportunity to serve as trustee, and create estate tax protections for the beneficiary.
February 03, 2025 at 12:00 PM
7 minute read
Four of the most commonly used words in estate planning documents are “health,” “education,” “maintenance” and “support.” Referred to as “HEMS,” this ascertainable standard is frequently used by estate planners to determine how and when a trustee may make distributions, allow a beneficiary the opportunity to serve as trustee, and create estate tax protections for the beneficiary.
Scope of the HEMS Standard
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