HEMS stands for Health, Education, Maintenance, and Support. It is a standard often used in trusts to guide how and when trustees may distribute funds to beneficiaries. It is a foundational concept in estate planning that provides clarity for trustees, offers protection for beneficiaries, and carries essential tax implications.

When families think about estate planning, the focus often falls on who will inherit what. But just as important is how  assets are...

Many small business owners form a single-member LLC because it is simple, flexible, and provides personal liability protection. However, too often, they overlook one of the most important documents for their LLC: the Operating Agreement. Without an Operating Agreement, it is easier for someone to argue that your LLC is a “sham” or an “alter ego.” An operating agreement strengthens the shield that protects your personal savings, home, and other assets from business risks.

Money and property may be the most discussed types of wealth a person owns, but the riches of their experience and wisdom can mean even more to loved ones. Reinforcement of family traditions can be built into your estate plan alongside your wishes regarding the distribution of your money, property, and belongings. After all, what makes a family is its values and traditions—not the finances left behind.

Estate planning is opportunity to leave behind something far more valuable than money—your wisdom, values, and hopes for your loved ones.

For many, July 4th weekend signals the beginning of summer and enjoying warm-weather activities, including backyard barbecues with...

Beneficiary designations can have serious unintended consequences. Make sure your estate planning strategies leave your intended legacy.

Why open probate if there is a trust?

If you have a minor child(ren) who depends on you for their survival, you need to make sure that they will be cared for if you are ever...

Will contests (litigation) are more common than you might think. Fortunately, there are steps you can take to avoid conflicts after you die.