Ascertainable Standard
An ascertainable standard often relates to a person's health, education, maintenance, or support (HEMS) and defines when distributions from a trust shall be made. An ascertainable standard can prevent trust distributions from being included in a trustee's/beneficiary's estate.
This brief overview of some important considerations associated with ascertainable standards is by no means comprehensive. Always seek the advice of a competent professional when making important financial and legal decisions.
Updated on September 13, 2011