Are you confused about your rights and responsibilities
related to divorce,child support or custody?
Overview of Family Law in PA Presented by Julie A. Auerbach, Esq.
Clarify your legal rights and responsibilities related to divorce,
child support, custody and related family law topics.
Thursday, June 4th – 5:30 p.m.
CMC VA 7th floor Rm 7A141
University & Woodland Aves
CALL TO REGISTER
Women’ Resource Center has been selected by Whole Foods Devon as a beneficiary of its Nickels for Nonprofits program from April 13-July 5th. For every shopping bag you reuse, $.05 is taken off your bill. Or you may donate that nickel to WRC. These nickels add up to valuable programmatic dollars, allowing Whole Foods Market and their customers to make a real difference in our community! Thank you to Whole Foods for this opportunity.
9th Annual Women’s Leadership Luncheon Celebrates
“The Art of Negotiating Throughout Life”
Wayne, PA January 27, 2015 – More than 550 women are expected to attend the 9th Annual Women’s Leadership Luncheon benefiting the Women’s Resource Center (WRC). This highly anticipated event – a sellout for the last five years – will be held at the Hyatt at the Bellevue in Center City, Philadelphia on Friday, April 10th, 11am-2pm.
Emceed by Emmy-award winning journalist and former NBC10 reporter Lu Ann Cahn, the Women’s Leadership Luncheon will feature a keynote address on “The Art of Negotiating Throughout Life” by Jen Gaiski, Senior Vice President of Content Acquisition at Comcast. Among her many honors, Ms. Gaiski has been listed as one of the “Top 50 Most Influential Women in Cable” by Cable World Magazine multiple times. She has been recognized by CableFAX as a “Woman on the Move” and has received the distinguished status of “Wonder Woman” by Mutilchannel News and Women In Cable Telecommunications, NYC Chapter.
WRC Leadership Awards will be presented to two area movers and shakers: PECO Corporate Relations Manager Romona Roscoe Benson and Bryn Mawr Hospital/Main Line Health Vice President Brenda DeFeo. The festivities will also include pop-up shopping with local vendors, a raffle of enticing gift baskets and a fabulous silent auction. Networking opportunities are abundant as friends enjoy the afternoon, and businesses sponsor tables for their valued employees while supporting WRC
“We are excited to celebrate our ninth year hosting this inspiring event that recognizes groundbreaking women,” said WRC Executive Director Michele Daly. “We are so grateful to our sponsors and luncheon guests. WRC could not offer the range of services, for girls, for women in transition and for women veterans, without their generous support.”
Investing in You: Single? Estate planning is crucial
ERIN E. ARVEDLUND, INQUIRER STAFF WRITERPublished Sunday, November 2, 2014, 2:01 AM
Single parents, listen up: A few pen strokes now can save you thousands of dollars later and leave your children more financially secure, too.
Estate and retirement planning is crucially important for single parents, both men and women. Many think their assets and retirement income will automatically pass directly to their children.
Not so. If you, the single parent, die early, without the right legal documents signed, a huge chunk of your assets can end up with an ex-spouse or with the government.
How, for example, will you divide bank and retirement accounts? Among both your children and your ex-spouse’s children? If your will and financial documents don’t specify, your kids might not get those assets, or the courts might decide for you.
Does each of your respective individual retirement accounts go to each of your respective children? What about the assets you accumulated with your ex-spouse? What about Social Security benefits, a percentage of which can legally belong to an ex-spouse?
Financial advisers say they see money divvied up unexpectedly all the time.
“Single parents have a unique set of financial issues, and they have less margin for error than other parents,” says Lou DeLorenzo, with TIAA-CREF in Philadelphia.
“If something happens to you, your child may not have access to your assets until they are of age. Therefore, a will can ensure the passing of your financial assets takes place, and also who takes care of your child.”
Build a spending plan, savings, health-insurance coverage, and a legal plan for the unexpected, DeLorenzo says. Single-parent family units “often have very different sources of income. Besides salary, there is alimony, child support, or even disability benefits” from state or federal governments.
Think ahead. Set up a trust, he adds. “The idea that a trust is for wealthy people is a myth. They are for everyone, and they provide control.”
A current will, power of attorney, and health-care power of attorney are crucial. “Who will take care of the day-to-day paying of bills, the mortgage or rent, aside from taking care of [a] minor child? All that should be spelled out,” DeLorenzo says. “If I’m single with an IRA, no one can access that to pay bills. There’s no accessibility without a legal document.”
Without a will, he says, a court-appointed guardian might be in charge of his boys. “It took my wife and I months to find the person to name as guardian of our children.” They also set up a simple trust, into which proceeds of life insurance and other assets will go if they die.
“It’s not about zeroes in the account, it’s about documents in place.”
Update paperwork. Did you know retirement or investment account beneficiary designations supersede wills?
With America’s high divorce rate, it’s common for an ex-spouse to inherit all the assets in an old 401(k) for which the beneficiary was never updated. And if paperwork is not in order – which happens more commonly when women are not involved in the family’s finances – the probate process after death can be a financial nightmare, costing thousands of dollars in legal fees and months or even years before the assets are distributed.
Don’t be afraid to discuss these issues openly. According to a survey by UBS, most parents, no matter how much or how little savings they have to pass on, don’t want to discuss these issues with their children and heirs.
Get the help you need. You don’t have to be a millionaire to do it. Angela Marchesani, program coordinator and counselor at the Women’s Resource Center in Wayne, says the center holds “divorce resource” events at low cost.
“These are two-hour events where women can hear from a family law attorney and a divorce coach, who helps plan for the timeline and the emotional repercussions.”
The center also has events on networking and job searches, and can refer newly single women to local bar associations, mortgage brokers, and financial planners. Five times a month, the center also offers legal consultations at different locations, and it refers clients to the financial-counseling organization Clarifi.
“They do budget and debt management and ongoing financial services,” Marchesani says.
For Immediate Release:
Wayne, PA October 22, 2014 – Starting on Veteran’s Day, Tuesday, November 11th, from 6:30 – 8:00 pm, WRC’s “Women Veterans Networking Group” begins. It will be hosted by WRC’s Veterans Outreach Coordinator, Kim Bonuomo, a family law attorney, who served during the Gulf War with the Army JAG Corps.
This monthly group is for women veterans to meet and network in a casual setting. It is a great opportunity for these veterans to make personal and professional connections, share experiences, find community resources and celebrate their service to our country. We also provide assistance through WRC’s services, such as referral services, legal, counseling and career development services as well as information on programs geared to their specific needs.
The group will meet from 6:30 – 8:00 pm at the Women’s Resource Center, 113 W. Wayne Ave., Wayne, PA, continuing on December 9th and January 13th. We are hoping to expand to other areas in the Philadelphia region.
Women’s Resource Center will provide a pizza dinner for all attendees, as well as child care! The networking group is FREE, but we ask that participants pre-register so we know how many women to expect.
Please email our Veterans Outreach Coordinator, Kim Bonuomo
For more information call 610-687-6391.