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    Kids & Family

    Financially Ever After Widowhood

    Widowhood is the state of being a widow or widower: a person whose spouse has passed away. This is a situation that no one wants to be in, but it is something that can happen, and that you and your family should be prepared for financially. When this kind of painful, life altering event occurs, it’s important to have the structure in place for you and your family to be protected, and this year on Financially Ever After Widowhood, Stacy Francis is going to be talking to a diverse lineup of experts, and individuals who have gone through it themselves, to give you the tools and information you need to be prepared.

    Prior to this year’s series on Widowhood, Financially Ever After covered topics related to divorce. We invite you to check out these fantastic episodes if they are relevant to you.

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    Latest Episodes:
    Children of Divorce - In Defense of the Defenseless Jan 19, 2021
    Show notes

    Elysa Greenblatt is the owner of Greenblatt Law, specializing in Matrimonial and Family Law, Litigation, and Collaborative Law. She represents and helps children get through the divorce process. She joins Stacy Francis to discuss what it means to be an attorney for children and the situations that warrant such legal assistance.


    • Matrimonial attorneys must go through the necessary training and obtain the relevant certification to be permitted to represent children in family court. In addition, these attorneys are usually court-appointed.
    • High-conflict court cases often rack up expensive bills in legal fees, especially if emotions are high and court appearances are frequent since attorneys have hourly rates. The courts typically decide which parent pays the fees.
    • Court-appointed attorneys for children are not mandated reporters who are obligated to call in any suspected abuse or neglect, so dealing with situations where the child may be in danger with one parent may be tricky to work out.
    • A common misconception about attorneys for children is that they are biased, which is untrue. Attorneys for children have a children-centered practice, therefore any decision they make or counsel they offer is always on behalf of the child, with their best interest at heart.


    Resources

    Elysa Greenblatt on LinkedIn

    GreenblattLawLLC.com


    Stacy Francis on LinkedIn | Twitter

    Email: stacy@francisfinancial.com

    FrancisFinancial.com


    Reach out to receive a complimentary consultation! Contact Francis Financial at +212-374-9008 or visit Francis Financial today!


    The Kickass Single Mother, and How She Does It Jan 05, 2021
    Show notes

    Emma Johnson is the founder of Moms for Shared Parenting and WealthySingleMommy.com, the only site dedicated to helping professional single moms build amazing lives through career, money, dating, sex, and parenting. She is a business journalist, a speaker, and activist at the United Nations, and the author of The Kickass Single Mom: Be Financially Independent, Discover Your Sexiest Self, and Raise Fabulous, Happy Children. She joins Stacy Francis to talk about the top mistakes to avoid as divorced single mothers and what successful single mothers have in common. She also debunks a lie about alimony and child support that women have believed for years.


    • The majority of families that are not two-parent cohabiting families have an arrangement in which the children stay with the mother, who is often financially dependent on the alimony and child support that the father is ordered to pay.
    • The women that thrive after divorce or separation are the ones that understand that they have experienced a loss they need to grieve. Additionally, they do not attempt to replicate what they previously had and don’t feel entitled to the financial security they had before.
    • Child support holds women back, as it is dependent on them earning less than their ex-husbands, who are then incentivized to earn as little as possible.
    • Society will improve when women everywhere are making their own money and are financially independent.


    Resources

    Emma Johnson on LinkedIn | Twitter

    Wealthysinglemommy.com

    The Kickass Single Mom: Be Financially Independent, Discover Your Sexiest Self, and Raise Fabulous, Happy Children


    Stacy Francis on LinkedIn | Twitter

    Email: stacy@francisfinancial.com

    FrancisFinancial.com


    Reach out to receive a complimentary consultation! Contact Francis Financial at +212-374-9008 or visit Francis Financial today!


    How Divorced Parents Can Avoid Getting On Santa’s Naughty List (Refresh) Dec 22, 2020
    Show notes

    Do you hate your ex-spouse more than you love your child? For this holiday replay of a favorite episode from 2017, Stacy is joined by Shari Bornstein, a matrimonial and family law attorney at the Law Firm of John Yacos, P.C, to discuss how to put bitterness aside and prioritize your children when celebrating the holidays. Shari is dedicated to empowering clients with knowledge and strong legal advocacy through collaboration, mediation and litigation.


    In this episode, you will gain insight on:

    • How to prevent and prepare for possible conflict during the upcoming holidays
    • Finding middle ground when it comes to differing parenting styles
    • Scheduling your holiday sharing plan
    • Parenting techniques, such as the pizza delivery technique, and using buzzwords to avoid bitterness and conflict in front of the kids
    • How parents can avoid being “naughty” by coordinating traditions and not “out-gifting” each other
    • Tips on how to make the holidays less stressful for your children


    Resources

    Shari Bornstein on LinkedIn

    Call Shari at (212) 587-9560

    Email: shari@yacoslaw.com

    www.yacoslaw.com


    Stacy Francis on LinkedIn | Twitter

    Email: stacy@francisfinancial.com

    FrancisFinancial.com


    Reach out to receive a complimentary consultation! Contact Francis Financial at +212-374-9008 or visit Francis Financial today!


    Learning How to Forgive to Achieve a Better Outcome in Your Divorce Proceedings Dec 08, 2020
    Show notes

    Regina DeMeo is a top matrimonial attorney and mediator and has regularly appeared as a legal commentator on TV, radio, and print. For over 2 decades she has been helping families with a variety of legal issues. She joins Stacy Francis today to help listeners as she shares the secret ingredient to preserving family wealth, goodwill, and relationships.


    • Regina has noticed throughout the years that clients who are stuck in the past with feelings of anger, guilt, or remorse have a harder time moving through the divorce process.
    • People that use anger as a shield may feel that extending forgiveness will make them more susceptible to accepting a settlement that is less than what they deserve. Regina shares some insightful tips on this matter.
    • When going through the divorce process, you have the choice of either remaining in a state of victimhood, or finding a way to become a survivor by ensuring that you have financial and emotional support.
    • Regina shares her experience of how forgiveness played a huge role in her life. She talks about the journey of finding her father after he was absent for most of her life, and learning to forgive him.


    Resources

    Regina DeMeo on LinkedIn | Twitter

    ReginaDeMeo.com


    Stacy Francis on LinkedIn | Twitter

    Email: stacy@francisfinancial.com

    FrancisFinancial.com


    Reach out to receive a complimentary consultation! Contact Francis Financial at +212-374-9008 or visit Francis Financial today!


    Identify Your Money Archetype and Take Control of Your Financial Future Nov 24, 2020
    Show notes

    Carrie Casden is a business manager, Certified Money Coach, and the founder of Summit Financial Management. She joins Stacy Francis to discuss the eight money archetypes and how to identify them, becoming the driver on the road to financial security, and how to spend wisely.


    • Your money archetype is the facet of your personality that involves your relationship with money. The money archetypes are: the innocent; the victim; the martyr; the warrior; the fool; the artist; the tyrant; and the magician.
    • Carrie has observed that the divorce process often triggers a breakdown in women’s lives. She recommends employing a financial coach as well as an attorney so you can make informed decisions about your financial future and feel more in control.
    • Parents should not try to buy their children’s affection during divorce. “Children need love,” Carrie says. “The majority of what they need is free and our guilt does them a disservice. When we get divorced and feel guilty, they need more love, not more stuff.”
    • Parents should be open and honest with their children about money and their needs, but not burden them with the details of potential financial distress.


    Resources

    Carrie Casden on LinkedIn

    Email: carrie@summitla.com

    SummitLA.com

    Book: Money Magic: Unleashing Your True Potential for Prosperity and Fulfillment

    Money Personality Quiz


    Stacy Francis on LinkedIn | Twitter

    Email: stacy@francisfinancial.com

    FrancisFinancial.com


    Reach out to receive a complimentary consultation! Contact Francis Financial at +212-374-9008 or visit Francis Financial today!


    How Health Insurance & Medicare will Affect your Divorce Nov 10, 2020
    Show notes

    Danielle Kunkle Roberts is a health insurance and Medicare expert and a MarketingInsiders.com contributor. She is the co-owner of Boomer Benefits, an insurance agency that helps individuals navigate Medicare in 48 states. She joins Stacy Francis to share information about Medicare that will allow divorcees to make better decisions about health insurance.


    • If you are in the divorce process and your health insurance is covered in your spouse’s name, and you also have your own coverage through your job, there is a special election period to enroll in your own group coverage.
    • COBRA is an act that allows employees to keep group health insurance for up to 18 months if they experience a loss of group health insurance coverage due to various reasons, divorce being one of them.
    • Aged, divorced women who have not attained the 10 year working experience can still qualify for free Medicare part A under their ex-husband’s work history if they had been married for at least 10 years.
    • Corporations often have open enrollment for health insurance in the fall because they set their benefits up to run from January through December.


    Reach out to receive a complimentary consultation.


    Resources

    Danielle Kunkle Roberts on LinkedIn | Twitter | Facebook

    BoomerBenefits.com

    Medicare.gov

    Healthcare.gov

    10 Costly Medicare Mistakes You Can’t Afford to Make


    Stacy Francis on LinkedIn | Twitter

    Email: stacy@francisfinancial.com

    FrancisFinancial.com


    Stock Options and RSUs – What are You Entitled to in a Divorce? Oct 27, 2020
    Show notes

    Nancy founded Smarter Divorce Solutions in 2011 after going through her own less-than-optimal divorce process. She has over 20 years of experience in both investment management and financial planning and is the founder and a Senior Advisor with Smarter Financial Solutions. In 2016, Nancy founded the Divorce Financial Planner Training Center to offer continuing education to CDFA holders everywhere.


    • The term “executive compensation” is a misnomer, as it is given to a lot more people than just executives.
    • Executive compensation is tricky: while an employee’s spouse may be entitled to the value of half of the compensation, most times the executive compensation plan does not allow those holdings to be transferred to anyone other than the employee.
    • Executive compensation, which is often paid out in the form of a bonus, is considered an asset.
    • Nancy implores listeners to get another financial advisor if the one they have right now is not educating them.


    Resources

    Nancy Hetrick on LinkedIn | Twitter

    SmarterDivorceSolutions.com


    Divorce is Not for Dummies: How to Cover your Assets


    Stacy Francis on LinkedIn | Twitter

    Email: stacy@francisfinancial.com

    FrancisFinancial.com


    Estate Planning in the Event of a Biden Presidency Oct 13, 2020
    Show notes

    Nancy Burner is the Founder and Managing Partner of Burner Law Group, a professor at Hofstra University, and a Certified Elder Law Attorney. She has been named a Super Lawyer in the field of Elder Law for 11 consecutive years. She joins Stacy Francis today to discuss the important things you should know with regards to estate planning in the event of a Biden presidency.


    • Estate and trust planning should always be done with a certified attorney, as it is very easy to make a mistake when you don’t know the tricks of the trade.
    • If you give a gift in your lifetime and survive that by three years, it does not come off your estate tax under New York State law.
    • The best way to leave assets for your children and their descendants is through a trust.
    • A trustee is the manager of the trust assets. Beneficiaries are those who derive advantages from the trust assets.


    Resources

    Nancy Burner on LinkedIn | Twitter | Facebook

    Email: nburner@burnerlaw.com

    Phone: (212) 867-3520

    Website: BurnerLaw.com


    Stacy Francis on LinkedIn | Twitter

    Email: stacy@francisfinancial.com

    Phone: (212) 374-9008

    Website: FrancisFinancial.com


    When to Get Divorced and How to Prepare Sep 29, 2020
    Show notes

    Katherine Miller is the Founder of Miller Law Group and Director in Training of the Center for Understanding and Conflict. She is the host of the radio show and podcast Divorce Dialogues, as well the author of The New Yorker's Guide to Collaborative Divorce and the co-author of the Amazon best-seller, A Cup of Coffee. She has been featured on CBS, NBC, The New York Times and Newsday Money Magazine. She joins Stacy Francis to discuss when to get a divorce and how to prepare for it.


    • Katherine believes it's important to be able to work through a divorce from a place of acceptance and personal serenity, but not necessarily forgiveness.
    • The way in which you perceive divorce may affect the way it affects you.
    • One of the first things someone should do when they decide to divorce is to get their finances in order.
    • Having emotional support is extremely helpful while going through a divorce.


    Resources

    Reach out to receive a complimentary consultation.


    Katherine Miller on LinkedIn

    Call or text Katherine: (914) 738-7765

    WestchesterFamilyLaw.com


    Stacy Francis on LinkedIn | Twitter

    Email: stacy@francisfinancial.com

    Phone: 212-374-9008

    FrancisFinancial.com


    Tax and Estate Planning Considerations You Should Be Aware Of Sep 15, 2020
    Show notes

    Crystal Levy is a Senior Associate at Lassar & Cowhey LLP and a manager at Marcum LLP. She focuses on making thoughtful estate plans for modern and emerging families as well as high net worth households. Janis Cowhey is a Trusts & Estates and Tax Partner at Marcum LLP, who specializes in estate, gift and income tax planning, as well as working with same-sex couples and unmarried families. They join Stacy Francis to give insights about the required tax considerations in estate planning that the modern family needs to know about, especially if they are considering divorce. They also share how you can make sure your children and stepchildren are financially protected during and after a divorce.


    • The traditional family consists of a married man and woman with 2.5 kids. The modern family has morphed into everything except that.
    • Some legal considerations for getting divorced are: getting a good matrimonial, having all your documents in place, identifying legal obligations, and ensuring that your beneficiary designations are in order.
    • Most couples continue to file joint amended returns for quite some time until they are actually divorced.
    • It’s never a bad idea to update your documents before a divorce is final.


    Reach out to receive a complimentary consultation.


    Resources

    Crystal Levy on LinkedIn

    Email: crystal.levy@lcllp.com

    MarcumLLP.com


    Janis Cowhey on LinkedIn

    Email: janis.cowhey@marcumllp.com

    Call or text Janice: (212) 485-5660

    MarcumLLP.com


    Stacy Francis on LinkedIn | Twitter

    Email: stacy@francisfinancial.com

    FrancisFinancial.com


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