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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:
    Navigating College Costs as a Single Parent with Robert Farrington Dec 26, 2023
    Show notes

    Robert Farrington, founder of The College Investor, is a student loan and financial aid expert. He guides individuals in making wise college decisions and assists families in managing the challenges of student loan debt. In this episode of Financially Ever After Widowhood, Stacy interviews Robert about how single parents can best save for and pay for college without compromising their own financial security. They discuss 529 savings plans, different types of student loans, as well as strategies to lower college costs. He also shares why it's important for parents to prioritize their own retirement savings first before saving for college.



    • Take care of your own financial stability first before worrying about college savings - there are lots of ways to pay for college later.

    • 529 plans allow tax-free savings and growth for education expenses. Most states offer tax deductions as well. Federal student loans typically have better terms and options than private loans.

    • Never borrow more than your expected first year salary after graduating.

    • Apply for scholarships and grants. Negotiate with the school's financial aid office.

    • Consider community college for the first 1-2 years then transfer to save money.

    • Take AP classes in high school to enter college with credits already completed.

    • Find colleges with good financial aid packages to lower the overall cost.

    • Have open conversations with your child early about money and college expectations.


    Resources

    Robert Farrington on the Web | The College Investor Website | Instagram | X | Email

    Tuition Fit

    Saving for College

    FAFSA


    Stacy Francis on LinkedIn | X(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 Importance of Succession Planning to Future-proof Your Business with Michael Levy Dec 12, 2023
    Show notes

    Do you have a family business that could disintegrate into awkward disputes or expensive tax fights when you pass away? This week's guest, Michael Levy, knows all about the dramatic infighting and family stress depicted on HBO's acclaimed show Succession in real life! In over 20 years as an estate planning attorney, he has helped hundreds of families navigate messy succession scenarios. On this episode of Financially Ever After Widowhood, he shares expert insights on smart succession planning with host Stacy Francis, including strategies to transfer ownership interests while avoiding unnecessary taxes safely. Michael stresses thoughtfully and compassionately handling which family members will lead the business in order to future-proof your business.



    • Succession planning is critical but often neglected by business founders who believe things will continue seamlessly after them.

    • Without a plan, disputes frequently arise between heirs with differing ideas of who should take over the business.

    • Strategies like buy-sell agreements, estate freezes, defective grantor trusts can facilitate tax-optimized succession transfers.

    • Paying for business valuations regularly is wise to avoid surprises later when gifting interests or facing estate taxes.

    • Spouses inheriting interests may still owe taxes, so planning ahead with vehicles like life insurance is key.

    • Advisors like financial planners, estate attorneys and CPAs can help navigate these complex scenarios, so clients shouldn't hesitate to ask questions.


    Resources

    Michael Levy on Website | LinkedIn


    Stacy Francis on LinkedIn | X(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!


    Self-Care Strategies for the Recently Bereaved with Jeanne Jacobwitz Nov 28, 2023
    Show notes

    Jeanne Jacobwitz is a nurse practitioner and an adjunct professor at Georgetown University and New York University in the Graduate Midwifery and Women's Health programs. She believes that mental, physical, and financial health are interconnected. After losing her husband and experiencing her own grief journey, she joined The W Connection, a nonprofit providing support for widowed individuals. Jeanne joins Stacy Francis on this Financially Ever After Widowhood episode to discuss how prolonged stress impacts overall well-being. They also explore the concept of "broken heart syndrome" and the importance of self-advocacy.


    • Dealing with ongoing stress from grief can seriously affect your physical health, leading to problems like heart issues, a weaker immune system, diabetes, and osteoporosis. It's important for healthcare providers to recognize that mourning is a health risk.
    • Acute grief, often known as "broken heart syndrome," can cause real physical changes similar to a heart attack. It's crucial to identify it quickly.
    • Feeling lonely can have a negative effect on your health, and being a widow often means more isolation. Joining community groups can make widows feel more connected.
    • Widows should speak up for their own health by asking for more doctor visits and focusing on self-care, even when they feel tired and overwhelmed. Finding the right healthcare provider is important.
    • Doing things that boost the "happiness hormone" oxytocin, like laughing, dancing, and hugging, can help you manage stress. Even simple acts like smiling more can make a big difference.
    • Financial struggles add more stress, and most widows start retirement with fewer resources than average. This makes it even more important to stay vigilant about your health.
    • The W Connection offers online support groups, workshops, webinars, and in-person meetups for widows. Being part of this community can help reduce feelings of isolation and loneliness.
    • Taking proactive care of yourself and getting clinical support can significantly improve your long-term well-being.



    Resources

    Jeanne Jacobwitz on Website | Instagram | Email


    Stacy Francis on LinkedIn | X(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!


    Honoring Traditions and Making New Ones This Holiday Season with Jordan Schwartz Hendin Nov 14, 2023
    Show notes

    Cognitive Behavioral and Grief Coach Jordan Schwartz Hendin joins host Stacy Francis to discuss navigating the holidays after losing a spouse. Jordan draws from her personal experiences with grief, having lost her own mother at a young age and supporting her widowed grandmother through multiple losses. Now a professional coach, she works with women struggling with grief and major life transitions. In this week’s show, Jordan and Stacy explore handling loss and loneliness, honoring traditions, and staying financially sound.


    • The holidays can bring up complex emotions such as sadness, anger, and loneliness. This is normal after a major loss.
    • Avoid unhealthy coping strategies like becoming an "isolator" or "doer." Don't overcommit to events or hide away alone.
    • Reflect on your core values. Focus on traditions that align with what matters most, like family time.
    • Make new memories and experiences, especially with children. Gift experiences rather than material items.
    • Have open conversations with family about your grief. Don't pretend to be okay if you're not.
    • Manage your finances by focusing on your values, not material possessions. Stick to a budget for holiday gifts and activities.
    • You don't have to navigate the holidays alone. Seek support from family or a grief counselor during this difficult time.


    Resources

    Jordan Schwartz on Website | Instagram | Email | Phone: 917-947-6037


    Stacy Francis on LinkedIn | X(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!


    Navigating Life's Third Act: From Grief to Purpose with Irene Weinberg Oct 31, 2023
    Show notes

    Irene Weinberg shares her journey from profound grief to a renewed sense of inner strength and spiritual wisdom after losing her husband, Saul, in a tragic car accident. Irene's story goes beyond conventional narratives, exploring a spiritual awakening that shaped her healing journey and led her to a passion for helping other grieving women create a divine plan for their lives. She joins Stacy Francis on this episode of Financially Ever After to share her incredible story.


    • Embracing a spiritual perspective can provide solace and guidance during times of profound loss.
    • It’s important to seek therapy and professional support in navigating both emotional and financial challenges after the death of a spouse.
    • Your grief can be a catalyst to personal growth and service to others.
    • Irene recounts receiving messages before the accident that foretold Saul's departure. After the accident, she experienced a spiritual awakening, connecting with Saul through renowned medium John Edward. The messages provided undeniable proof of Saul's presence beyond the physical realm.
    • Irene's connection with Saul brought her comfort in knowing that he was not lost and that there was more to life beyond the physical realm. The experience reshaped her perspective on death, eliminating fear and instilling a sense of acceptance.
    • Channeling Saul for her book and podcast allowed Irene to explore deep questions about soulmates, the afterlife, and the universal experience. This process facilitated healing, not only for Irene but also for those who resonated with her journey.
    • Irene emphasizes the importance of not staying stuck in the "swamp of suffering" after a loss. She shares her passion for introducing people to healers and resources through her podcast, helping them move through pain and grief to find joy again.
    • Irene, in her third act of life, continues to pay it forward through her podcast. She strives to inspire others to embrace their purpose and make a positive impact on the world.


    Resources

    Irene Weinberg on Website | Facebook | Instagram | YouTube | Email

    The Grief and Rebirth Podcast on Apple Podcasts | Spotify | TikTok

    They Serve Bagels in Heaven


    Stacy Francis on LinkedIn | X(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!


    Organizing Your Affairs to Support and Safeguard Your Family with Sarah Constantine Oct 17, 2023
    Show notes

    In this episode of Financially Ever After Widowhood, Stacy Francis welcomes Sarah Constantine, an accomplished estate planning attorney renowned for helping ultra high net worth individuals presere and transfer their legacies. Sarah’s commitment goes beyond the technical aspects of the law; it stems from a genuine belief in service and a desire to make a tangible difference in the lives of her clients. She and Stacy discuss the human side of estate planning, emphasizing the importance of organizing your affairs to support and safeguard your family.


    • A comprehensive plan to manage your assets starts with foundational estate planning documents. These documents include wills, revocable trusts, powers of attorney, and healthcare proxies.
    • Estate planning should be flexible to adapt to changes in tax laws and personal circumstances. Regular reviews and updates ensure that your plan remains effective and aligned with your goals.
    • Specialized trusts offer tailored solutions for individuals seeking to achieve specific financial, philanthropic, or legacy goals within their estate plans. For example, Charitable Lead Annuity Trust (CLAT) allows individuals to contribute to charitable causes during their lifetime while eventually passing assets to heirs. It can be a powerful tool for both philanthropy and tax planning.
    • Non-U.S. citizens may be subject to different rules and tax implications than U.S. citizens. Additionally, non-U.S. persons who own assets in the U.S. may be subject to specific rules and taxes. It is important to plan properly to ensure compliance with all applicable laws and regulations.


    Resources

    Sarah Constantine on LinkedIn | Arnold & Porter

    Email: sarah.constantine@arnoldporter.com

    Phone: 212-836-8066


    Stacy Francis on LinkedIn | X(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!


    Dealing with Workplace Discrimination as a Widow with Kelley Joyce and Susan Crumiller Oct 03, 2023
    Show notes

    In this Financially Ever After Widowhood episode, Stacy Francis welcomes Kelley Joyce and Susan Crumiller to explore rejoining the workforce after loss. Kelly, a seasoned career coach, specializes in helping professionals find their career path and realize their dream job. Susan is an accomplished attorney who is known for her work in representing victims of workplace discrimination. They share invaluable insights and guidance on dealing with workplace discrimination and reentering the workforce after experiencing a significant loss.


    • When grappling with workplace discrimination and career transitions, always prioritize your mental health. Explore flexible work options, update your resume, and seek assistance. Remember, you don't have to go through this process alone; support is available.
    • Clear evidence, such as text messages and written communication, can be crucial in legal situations. Effective communication is key, and creating a record of actions and behaviors is essential for addressing workplace issues.
    • Navigating the workforce after a significant loss requires open and honest communication with supervisors. Balancing work and personal life is possible with the right strategies, such as documenting arrangements made regarding personal obligations.
    • By building strong relationships with your colleagues and managers, you can create a network of support that can help you navigate difficult situations. Additionally, by presenting yourself in a professional and competent manner, you can earn the respect of your colleagues and make it more likely that they will listen to your concerns.


    Resources

    Susan Crumiller on Website | LinkedIn | Twitter | Instagram | Facebook | Email | Phone: (212) 390-8480

    Survivors Law Project


    Kelley A. Joyce on Website | LinkedIn | Twitter | Email | Phone: (917) 566-0808

    Book your free 45-minute consultation with Kelley today!


    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!


    Rebuilding Life after Loss: From Grief to Growth with Dawn Nargi Sep 19, 2023
    Show notes

    Dawn Nargi is the Executive Director at The W Connection, an organization that provides essential resources for widows looking to rebuild their lives after the loss of a spouse. Beyond her role at the W Connection, Dawn is a widow herself. Balancing personal grief with the demands of single parenthood, her story is a testament to the strength of the human spirit. Dawn joins Stacy Francis to bring not just her professional expertise but also a deeply personal understanding of the journey of widowhood. She delves into the challenges, the risks, and the transformative power of support.


    • Many widows grapple with job loss, reduced income, and the financial implications of their changed status. Navigating the professional landscape can be daunting, especially when balancing grief and potential single parenthood.
    • The W Connection is dedicated to offering resources for widows as they rebuild their lives after the loss of a spouse. Providing invaluable resources, the organization assists widows at various stages of their journey.
    • Widows need not navigate their workplace challenges alone. By initiating transparent conversations with employers, widows can strike a balance between their work and personal lives without jeopardizing their positions.
    • Social ties are a pivotal part of healing and moving forward. The W Connection, with its community-focused approach, advocates the healing potential of shared experiences.


    Resources

    Dawn Nargi on LinkedIn | Email

    The W Connection | Become a Member | LinkedIn | Facebook | Instagram | Twitter


    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!


    Empowering Widows: Advocacy, Empathy, and Support with Carolyn Moor Sep 05, 2023
    Show notes

    In this episode of Financially Ever After Widowhood, host Stacy Francis welcomes Carolyn Moor, the founder of the nonprofit organization Modern Widows Club. Recognized internationally for her impactful TED Talk on supporting those experiencing grief, as well as her appearances on The Oprah Winfrey Show, Carolyn has become a leading advocate empowering women in widowhood to transform their pain into strength.


    • It’s critical to have support while you’re navigating grief and widowhood.
    • Widows experience profound loneliness, and need a space where they can discuss their lost loved ones openly.
    • Stacy and Carolyn discuss the double loss experienced by widows—the loss of a partner and the loss of their envisioned future together. Carolyn reflects on her own experience of losing her husband and the immense emotional and psychological impact this type of loss can have on your identity and sense of purpose.
    • Carolyn shares the origins of Modern Widows Club, which began as a simple idea to provide a space for widows of all ages and backgrounds to share their experiences without judgment.
    • Wisdom emerges from the unique experience of widowhood. Widows possess insights born from singlehood, marriage, divorce, and widowhood, leading to a reservoir of knowledge that can drive advocacy, change, and personal growth.
    • Through listening to thousands of widows, Carolyn discovered common patterns and issues that widows face, such as financial instability, disinheritance, government neglect, and social exclusion. She realized the need to advocate for widows' rights and raise awareness about their challenges.
    • Everyone can play a role in supporting widows, whether they have personal experience or not.


    Resources

    Carolyn Moor on LinkedIn | Email | (844) 429-4369

    Legendary Widows: Stories of Legacy

    Modern Widows Club | Events and Programs | Facebook | LinkedIn | Instagram | Email


    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!


    Navigating the Complexities of Probate with Clarity with Marc Zimmerman Aug 22, 2023
    Show notes

    Marc Zimmerman is an expert in all things probate. He is the co-founder of The Zimmerman Firm, a welcoming and informative resource for people seeking guidance on this important aspect of the law. He is committed to simplifying the often mystifying world of probate and estate planning and believes in taking a proactive approach to asset management; this has ensured smoother transitions for numerous families during times of loss. Marc joins Stacy Francis on this episode of Financial Ever After Widowhood to demystify the complexities of probate and highlights its significance, especially when assets are involved without a designated beneficiary.


    • Probate, a legal process where assets are frozen until the executor appointed in a will seeks the Surrogate's Court's approval, has seen considerable delays due to the pandemic. These delays can span from six months to over a year and can become more prolonged if any litigation is involved.
    • A revocable trust empowers individuals with control over their assets and ensures hassle-free access for the successor trustee upon their demise. Transferring assets into this trust is straightforward; while real estate uses deed assignments, tangible personal property, such as artwork, calls for individual assignment documents.
    • Assets in a revocable trust might not invite immediate taxes, yet they remain within the taxable estate. Conversely, assets within an irrevocable trust are viewed as finalized gifts and face different taxation criteria.
    • Acting on your estate planning requirements can be a gesture of care and responsibility towards your loved ones, ensuring they're spared unnecessary legal complications during an already emotionally taxing period.


    Resources

    Marc Zimmerman on the web LinkedIn | Email | (212) 519-5114

    The Zimmerman Firm

    600 Third Avenue, 35th Floor

    New York, New York 10016


    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!


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