HEMS – Health Education Maintenance and Support
The HEMS Standard: Guiding Trust Distributions and Protecting Beneficiaries in New York As experienced estate planning attorneys at Morgan Legal Group, we understand the vital role of clear and comprehensive instructions in administrating trusts, especially those created under New York law. Specifically, the “HEMS” standard, which stands for “Health, Education, Maintenance, and Support,” is a […]
Strategies for Gifting to Reduce Taxable Estates
Strategic Gifting: Reducing Taxable Estates and Benefiting Heirs in New York As experienced estate planning attorneys at Morgan Legal Group, we understand the importance of implementing effective strategies to minimize your estate tax liability while also providing for your loved ones during your lifetime. Specifically, strategic gifting, which involves transferring assets to your heirs during […]