William Penn Life, 1996 (31. évfolyam, 1-12. szám)
1996-06-01 / 6. szám
age z, William Penn Life, June 1996 William Penn LIFE Official Publication of the William Penn Association Published Monthly Office of Publication: 709 Brighton Road Pittsburgh, PA 15233 Phone: 412/231-2979 Third Class U.S. Postage Paid Pittsburgh, PA Permit No. 2724 Frances A. Furedy Editor-in-chief George S. Charles, Jr. Associate Editor John E. Lovász Managing Editor NATIONAL OFFICERS Frances A. Furedy Acting National President National V.P./Treasurer George S. Charles, Jr. National V.P./Secretary BOARD OF DIRECTORS Michael J. Hrabar Chairman Roger G. Nagy Vice Chairman Elmer A. Furedy Vice Chairman Anthony C. Beke Louis A. Fodor Barbara A. House Michael R. Kara Andrew W. McNelis George F. Mirkovich Michael F. Tomcsak Elmer W. Toth Frank J. Wukovits, Jr. Frank J. Radvany Secretary of the Board AUDITING COMMITTEE Charles J. Furedy Chairman Margaret H. Boso Secretary Dennis A. Chobody Joseph Hamad Robert A. Ivancso Ernest J. Mozer, Sr. CONSULTANTS Bruce &l Bruce Company Actuary Horovitz, Rudoy & Roteman C.P.A. Rothman Gordon Foreman &. Groudine, P.C. General Counsel Dr. Julius Kesseru Medical Director Unsolicited articles, letters, manuscripts, pictures and other material submitted to the WILLIAM PENN LIFE are forwarded at the owner's risk, and the WILLIAM PENN LIFE expressly denies any responsibility for their safekeeping or return. The WILLIAM PENN LIFE reserves the right to edit, revise or reject any article submitted for publication. Postmaster: If undelivered, please send form 3579 to: William Penn Association 709 Brighton Road Pittsburgh, PA 15233 Habitat— payment and interest-free mortgages. In return the homeowner families agree to serve as volunteer builders on other Habitat houses. Their mortgage payments are used to fund the building of additional homes. The "blitz-build” project in Vác is the 14th Jimmy Carter Work Project but the first to be held outside of North America. It is named after the former U.S. President, who, along with his wife Rosalynn, will be among the volunteer builders in Vác.---------------From Page 1 As a Habitat for Humanity "partner,” the NFCA and its membership—including our Association—is committed to supporting the mission and efforts of Habitat. The NFCA and our Association have demonstrated their support through many previous projects, including the 1992 Raise the Roof project in Nashville and the 1994 sponsorship of a community park in Habitat’s neighborhood development in Scottsdale, Ariz. Correction In the "Welcome To Our Fraternal Family” section of our May 1996 issue, we inadvertently switched the identities of two new young members. Below are their pictures with the correct identification. NFCA official visits Home Office David A. Tetzlaff (second from left), recently-appointed executive vice president of the National Fraternal Congress of America (NFCA), visited our Home Office in May. His visit was part of a "get acquainted” tour of several Pittsburgh-based fraternal societies. Greeting him were Acting National President Frances A. Furedy and National Vice President- Secretary George S. Charles Jr. (left). Accompanying Mr. Tetzlaff was Paul M. Payerchin Jr., secretary-treasurer of the National Slovak Society of the U.S. A. and a member of the NFCA Board of Directors. PASQUALE DiFRANCESCO Branch 89 Homestead, PA ián m. McFarland Branch 89 Homestead, PA Articles & photographs for the July issue of the William Penn Life are due in our office by June 21,1996 So you’re getting married By Emil W. Herman, Esq., General Counsel June is traditionally the month for weddings. If you or someone you know is getting married, what follows are some things that should be considered or done before that marriage. 1. Obtain the following: A. Blood test. B. Marriage license. These are the requirements each state imposes for a valid statesanctioned marriage, and each serves as evidence that the parties willingly joined in the marriage. Common law marriages are also recognized by the states, but only after there is independent proof that both parties intended to enter into the marriage and that there were no legal impediments to the marriage. 2. Notify: A. Credit card companies. B. Banks, financial and investment institutions. C. Insurance companies. D. Social Security Administration (for new card). E. Employers. F. State Department of Transportation. It is important to establish the legal relationship of the parties from the outset, and especially if one party is changing names after the wedding. Assuring that credit records and employment records are reported and credited to the right parties is important, as are assurances regarding post-marriage health care coverage. 3. Review beneficiaries listed in: A. Wills. B. Life insurance policies. C. Bank accounts. D. Annuities. E. Pension plans. F. Testamentary or living trusts. If you have not changed the beneficiary in your will to provide for your new spouse, state law may determine who will receive a share of your estate. Beneficiary designation in other documents and plans made pre-marriage may be followed after marriage, resulting in your spouse inheriting less than you anticipated. Absent your action to change beneficiaries, it may be presumed by the court or plan administrator that you deliberately decided not to make the change. To avoid forcing your spouse into court to challenge your beneficiary designations, review them, change them as appropriate, and explain your reasoning to your spouse and the personal representative named in your will. 4. Resolve how property, whether owned before or purchased after the marriage, will be titled. Property which you owned before your marriage may not automatically become half your spouse’s property after you marry. Rather, you will continue to be considered the sole owner of the property unless you change the ownership. If you wish the property to be jointly owned, you will need to give your spouse a one-half interest in the property. To prove the gift, if title to the property is recorded anywhere (on a deed for real property, a title for a motor vehicle, or account information for a bank account), you will need to change the recording information to reflect the new joint owners of the property. Deciding how to title property owned prior to and/or purchased during the marriage involved emotional, legal, liability and tax savings issues. There may be liability reasons why you may want your home to be jointly owned, but your cars to be owned by only one of you. There may be legal reasons contained in a divorce decree why your ex-spouse remains as a co-owner of property owned during your prior marriage. There may be tax reasons why your investment account should be divided between spouses, rather than jointly owned. There may be emotional reasons why certain property is jointly owner, or maintained as separate property. Each of these factors needs to be fully discussed, and to avoid disharmony in the marriage, that discussion should occur before the wedding. Resolving these matters before the wedding will not assure you of a successful marriage, but it will remove a basis for dispute. GOOD LUCK. If you have any topics you would like us to consider for this column, pleases send them to: Emil W. Herman, Esq., Rothman Gordon, Third Floor, Grant Building, Pittsburgh, PA 15219. Topics will be considered based on space considerations, interest to all readers, and appropriateness for general legal discussions.
