{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"008: Financial Planning for Families with Special Needs Individuals","description":"In this episode of Absolute Trust Talk, Kirsten welcomes special needs financial planning expert Jon Elfin into the studio. Jon has over 35 years of experience in the financial services industry and focuses on processes and expertise to help clients understand their options and more importantly take action when it comes to building and preserving wealth for families with special needs dependents. Jon and Kirsten break down what exactly special needs planning encompasses and discuss the processes that Jon goes through with each of his clients. More importantly, Jon discusses a few of the biggest mistakes he sees when clients come into his practice and also highlights effective strategies that a special needs family can take now in securing the future of their dependents. As Jon is also a parent of a special needs child, throughout the interview he weaves in topics of transitional life experience from his own personal perspective. Big Three From Episode #008: Start early Don\u2019t be overwhelmed Utilize your resources!   Time-stamped Show Notes: 1:50 \u2013 What exactly is Special Needs Planning? 2:48 \u2013 How Jon got into Special Needs Planning 4:00 \u2013 The complexities of Special Needs Planning 7:00 \u2013 Jon highlights common mistakes he\u2019s come across in his practice when working with clients 8:05 \u2013 Jon and Kirsten discuss a few of the biggest benefits\/acronyms that people miss 10:42 \u2013 Kirsten discusses Special Needs Planning from the estate planning point of view and a special provision that should be put in all estate plans 11:37 \u2013 Jon addresses why ages 18 and 22 are important ages for special needs people 13:30 \u2013 Jon defines \u201ctransition class\u201d and its extreme importance 15:35 \u2013 What a regional center is and how it helps special needs families plan the next step. 16:20 \u2013 Don\u2019t leave all the money for a special needs family member to a sibling! 20:14 \u2013 A special needs person can save money in these accounts too \u2013 Big win for the disability community 25:15 \u2013 The other important strategy for special needs individuals according to Jon is life insurance  Episode #008 Freebie: No matter where you are in your journey as a special needs family know that there are things that can be done to help build and protect the future of your special needs dependent. During this episode, Jon mentioned a few of the common mistakes well-intentioned special needs families make. To help educate listeners on what to look for he outlined and is exclusively sharing with us a few more! In addition, Jon is also offering a FREE 90-minute consultation. So if you\u2019re a special needs parent or caretaker who is worried or doesn\u2019t know where to start, call Jon. He will cover all of the basics and see if he can be of further service in making your special needs life transitions go as smoothly as possible.   Resources\/Tools\/Links mentioned in this episode: Special Olympics Sunflower Hill Disability benefits 101 - https:\/\/ca.db101.org\/ Take the Next Step in Your Estate Planning Journey If this episode resonated with you, we'd love to help you with your own estate planning needs in California. Schedule a complimentary discovery call with our team at Absolute Trust Counsel. During this no-obligation conversation, we'll: Learn about your unique situation and goals Answer questions about our services Determine if we're the right fit to work together  Visit https:\/\/absolutetrustcounsel.com\/scheduling\/ or call 925-943-2740 to schedule your free discovery call today. Follow and Review: We\u2019d love for you to follow us if you haven\u2019t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We\u2019d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select \u201cRatings and Reviews\u201d and \u201cWrite a Review\u201d then a quick line with your favorite part of the episode. It only takes a couple second and it helps spread the word about the podcast. Episode Credits: The Absolute Trust Talk podcast is brought to you with the help of Q2Mark, led by Chief Marketing Officer Susie Hays. Since 2016, Q2Mark has partnered with Absolute Trust Counsel on all marketing communications\u2014from brand development and website design to this podcast series with over 192 episodes, social media management, video production, and more. If you're business owner looking for comprehensive marketing support, visit Q2Mark.com. ","author_name":"Absolute Trust Talk","author_url":"https:\/\/absolutetrustcounsel.com\/podcast","html":"