loader from loading.io

016: Behind the Scenes of Financial Planning for a Family With Special Needs

Absolute Trust Talk

Release Date: 09/18/2018

076: Don’t Let an Inheritance Destroy Government Benefits Eligibility show art 076: Don’t Let an Inheritance Destroy Government Benefits Eligibility

Absolute Trust Talk

In this episode of Absolute Trust Talk Live, fellow Absolute Trust Counsel attorney Madison Gunn joins Kirsten to discuss different methods to resolve inheritance issues. Kirsten and Madison review and assess a handful of special needs estate planning scenarios highlighting what went wrong as well as how to save benefits. More important yet, this expert duo will share key strategies you can use to prevent future problematic inheritance challenges in your family.  

info_outline
075: Serious Illness or Injury: The Resources We Need to Manage it All  show art 075: Serious Illness or Injury: The Resources We Need to Manage it All

Absolute Trust Talk

In this episode, Kirsten sits down with Roberta Carson, founder of the nonprofit, Zaggo. Roberta and Kirsten discuss her experience caring for her teenage son, Zachary, during his 27-month battle with terminal brain cancer and how it inspired her to start the ZaggoCare System to provide patients and family caregivers with the information and tools needed to better manage a care journey in critical illness and injury.

info_outline
074: Art Therapy and Dementia  show art 074: Art Therapy and Dementia

Absolute Trust Talk

In this episode, Kirsten sits down with the incredible Angel Duncan. Angel is a mental health, art therapist, and research clinician specializing in therapeutic program developments for people with mental health, developmental, intellectual, cognitive, and memory disorders. She works globally with leading organizations on brain health initiatives and is a widely published author and speaker.

info_outline
073: Fading Memories show art 073: Fading Memories

Absolute Trust Talk

Caregiving is certainly not an easy job. Often, caregiving responsibilities are given to family members who are learning as they go—especially with the case of dementia. While caregiving for someone struggling with dementia is no easy task, Jennifer Fink understands and has created many resources to help. After experiencing the difficulties behind being a caregiver for her mother dealing with Alzheimer’s, Jennifer struggled to find a podcast that catered toward her needs as an Alzheimer’s Caregiver.

info_outline
072: Spotlight on Cancer Support Community show art 072: Spotlight on Cancer Support Community

Absolute Trust Talk

In this episode, Kirsten welcomes a special guest, Margaret Stauffer, Chief Mission Officer for Cancer Support Community of the local Walnut Creek chapter. We hope you will tune in to hear Kirsten and Margaret dive into the amazing programs provided by this organization, including how to access these services and how you, as a community member, can get involved too. We LOVE sharing information about good people and great organizations changing lives, and this episode is no exception! 

info_outline
071: For the Caregivers: Support, Compassion, and Resources Just a Click Away show art 071: For the Caregivers: Support, Compassion, and Resources Just a Click Away

Absolute Trust Talk

Listen in to this new episode of Absolute Trust Talk, as Elaine Sanchez, author of “Letters from Madelyn, Chronicles of a Caregiver,” and a co-founder of CaregiverHelp.com, discusses the most common difficulties caregivers come across, as well as what resources are available for those dealing with these situations. Whether you’re a caregiver, know someone that is, or are planning for the future, this is an episode you don’t want to miss.

info_outline
070 Trustee Do’s and Don’ts Part Two show art 070 Trustee Do’s and Don’ts Part Two

Absolute Trust Talk

Being named a trustee is an honor, but it comes with a lot of responsibility. Legal work has to be done, and if you’re not familiar, the process can seem more like a burden. The tasks on hand aren’t necessarily rocket science, but there are things that we see clients tend to miss.

info_outline
069: What We Can (and Can’t) Do with Bank Accounts After Death show art 069: What We Can (and Can’t) Do with Bank Accounts After Death

Absolute Trust Talk

In this episode of Absolute Trust Talk, Kirsten sits down with fellow Absolute Trust Counsel attorney Madison Gunn to discuss: What happens to bank accounts after death, the different types of accounts, who can access the account, how to protect them from being frozen, why they should be included in your trust.

info_outline
068: What You Need to Know Before Choosing a Medicare Plan show art 068: What You Need to Know Before Choosing a Medicare Plan

Absolute Trust Talk

In a new episode of Absolute Trust Talk, Kirsten sits down with Emily Gangaware of The Medicare Coach. Over the last four years, Emily has been changing how people make their Medicare decisions by navigating the rules, insurance company confusion and clarifying what decisions need to be made to protect healthcare rights and retirement savings. No matter what state you live in or how close to retirement you are, Emily has some Medicare revelations you’ll want to hear.

info_outline
067: Estate Planning Challenges with Real Estate show art 067: Estate Planning Challenges with Real Estate

Absolute Trust Talk

In a new episode of Absolute Trust Talk, Kirsten welcomes back fellow Absolute Trust Counsel attorney Madison Gunn. Kirsten and Madison dive into this top asset that can cause a world of headaches for beneficiaries and discuss some solutions and workarounds to successfully including residence and other properties in an estate plan. We hope you will listen in and share this with your friends and family no matter where they live.

info_outline
 
More Episodes

In episode 16 of Absolute Trust Talk, Kirsten welcomes Morgan Stanley Senior Portfolio Manager Robert McLalan to the show. Bob has over 35 years of experience in the securities industry and has committed a large part of his practice to helping special needs families. His passion for special needs comes from his own personal experiences as a conservator for his sister, Toni, who was born with Down syndrome.

Throughout the show, Bob shares numerous stories about the types of decisions he had to make in regard to his sister’s care and how he had to take charge, interpret her needs, listen to the specialists and get outside opinions to make the best decisions for her. Later, Bob weighs in on how critical financial planning is for a family and some of the challenges that might arise when managing investments for families with a special needs person.

 

Big Three From Episode #016:

  1. Be cautious
  2. Be adversarial, when necessary
  3. Be present

 

Time-stamped Show Notes:

2:00 – Robert shares the importance of his background and how it shaped the focus of his practice

15:14 – Robert discusses with Kirsten his key advice – the three B’s

16:30 – Kirsten and Robert highlight why the sibling may not be the best person to take care of a special needs sibling

17:07 – Robert shares how vital an attorney is in making decisions for a special needs child and the family

18:37 – Here’s how to incorporate a sibling into another special needs sibling’s future and life

19:40 – Robert talks about the team who is involved in “protecting” the special needs person

21:10 – Robert shares, from his experience, what types of tough decisions you have to make for a special needs person when you’re in charge

31:09 – Kirsten and Robert discuss how critical financial planning is to a family with special needs

33:10 – Robert shares the steps he takes to get a special needs family financially set up

39:43 – Robert discusses challenges that come up when managing investments for special needs families

 

Episode #016 Freebie: Tool – Planning for Children With Special Needs

Planning for a special needs child is a big job, and those faced with the task often face lots of challenges. For families struggling with such issues, a special needs trust could be the right answer. Absolute Trust Talk guest Robert McLalan is sharing with listeners a thorough resource tool called Planning for Children With Special Needs. This document offers the essential steps, processes, and options when it comes to preparing and executing a special needs trust. To find out if a special needs trust is right for your family, click here to access Planning for Children With Special Needs. 

 

Resources/Tools/Links Mentioned In This Episode:

ABLE Act