{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"016: Behind the Scenes of Financial Planning for a Family With Special Needs","description":"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\u2019s 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: Be cautious Be adversarial, when necessary Be present   Time-stamped Show Notes: 2:00 \u2013 Robert shares the importance of his background and how it shaped the focus of his practice 15:14 \u2013 Robert discusses with Kirsten his key advice \u2013 the three B\u2019s 16:30 \u2013 Kirsten and Robert highlight why the sibling may not be the best person to take care of a special needs sibling 17:07 \u2013 Robert shares how vital an attorney is in making decisions for a special needs child and the family 18:37 \u2013 Here\u2019s how to incorporate a sibling into another special needs sibling\u2019s future and life 19:40 \u2013 Robert talks about the team who is involved in \u201cprotecting\u201d the special needs person 21:10 \u2013 Robert shares, from his experience, what types of tough decisions you have to make for a special needs person when you\u2019re in charge 31:09 \u2013 Kirsten and Robert discuss how critical financial planning is to a family with special needs 33:10 \u2013 Robert shares the steps he takes to get a special needs family financially set up 39:43 \u2013 Robert discusses challenges that come up when managing investments for special needs families   Episode #016 Freebie: Tool \u2013 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.  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.   Resources\/Tools\/Links Mentioned In This Episode: ABLE Act ","author_name":"Absolute Trust Talk","author_url":"https:\/\/absolutetrustcounsel.com\/podcast","html":"