FAQS
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September 15, 2022
What is the HEMS Standard?
What is the HEMS Standard? HEMS is an acronym for Health, Education, Maintenance, and Support. The HEMS standard is often used in trusts to give the trustee broad direction in determining how to provide funds to the beneficiary(ies). Health covers the healthcare needs of the beneficiary. Education covers tuition, room and board, and other relevant …
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September 7, 2022
HOW OFTEN SHOULD YOU REVIEW YOUR WILL AND OTHER ESTATE PLANNING DOCUMENTS?
How often should you review your Will and other estate planning documents? If there is a death, birth, adoption, divorce, or other life-changing events in your life or the life of a beneficiary, executor, trustee, guardian, or power of attorney, it is worthwhile to review your estate planning documents to see if any changes need …
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September 7, 2022
WHY YOU NEED A WILL, A SCENARIO.
Why you need a Will, a Scenario: Decedent died intestate (without a Will). Decedent has 3 children from a prior marriage. Decedent remarried and had been married to his current wife for 20 years when he passed. Decedent had a farm he inherited (separate property), a homestead house purchased with his current spouse (community property), …
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September 7, 2022
CAN I USE AN AFFIDAVITS OF HEIRSHIP TO SELL REAL ESTATE OF WHICH I AM AN HEIR WHEN THE DECEDENT DIDN’T HAVE A WILL?
Can I use an Affidavits of Heirship to sell real estate of which I am an heir when the Decedent didn’t have a Will? Possibly. Affidavits of Heirship (“Affidavits”) are not like a deed that conveys title but rather is evidence of who the heirs are to complete a chain of title so the heirs …