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What is a HEMS trust?

Updated: 9/15/2023
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13y ago

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A trust set up for the Health,, Education, Maintenance, and Support, usually for a minor.

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13y ago
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Q: What is a HEMS trust?
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What are Hems allowances in a trust?

Hems allowances in a trust refer to certain health, education, maintenance, and support considerations that a trustee can make when distributing assets to beneficiaries. These allowances provide flexibility to the trustee in determining what types of expenses are necessary to support the beneficiary's wellbeing. The trustee has the discretion to decide how much of the trust's assets can be used under the Hems standard.


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