Page 46 - HR SLG Summer 2018

46 ASK THE EXPERT

Provided by Alperin Law PLLC
In many states, winter is starting to thaw and fixed. If you’ve opened a new bank or invest-
flowers are beginning to bud. This can only ment account, or bought a different home, let
mean one thing: summer vacation planning us know so we can work with you to update
season is here. As vacation planning kicks the funding of your trust. This type of work is
into high gear, here are a few important just like touching up the paint at your house
things to add to your vacation readiness - quick and painless if you do it on a regular
checklist. schedule - but a much bigger project if you
Beneficiary Designations and Other let it wait. The great news is that you’ll rest
Funding Issues easy on your vacation, knowing everything is
Many people have an out-of-date beneficiary in order back home.
designation, or, at the very least, one that Guardian Nomination
hasn’t been looked at in a while. Taking 10- If it’s just you and a spouse leaving for a
15 minutes to log into your IRA, 401(k), and getaway this summer, who is going to take
life insurance company’s website to double care of the kids while you’re gone? And,
check your beneficiary designations is an heaven forbid, who will care for them if you
easy way to put your mind at ease so you can don’t return? Double check your guardian
relax on a tropical beach or explore the sights nomination for your minor children so you
of a brand new city stress-free. know that if, on the very slight chance
Beyond beneficiary designations, other fund- something goes wrong, your children will be
ing issues with trust-based plans are sadly in the right hands.
common. But many can be easily and quickly If you have not completed or updated a