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Category: Financial

What Is HEMS and What Does it Mean for Trustees?

HEMS is an acronym that stands for Health, Education, Maintenance, and Support. It’s commonly used in trusts as a way to guide and restrict the kinds of distributions that a...

Why You Don’t Want to Be a Trustee

I once saw a bumper sticker on a car that said “Smile. You Could Be a Trustee.” I thought it was great because it’s true. Being a trustee can be...

Can Your Retirement Account Be Used to Settle Business Debts?

Let’s say you owe money in a judgment, yet you still want to continue contributing to your savings accounts. Can you do that, or can that money be used to...
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