107. Special Needs Financial Planning with Betsy Larson_Full Discussion

107. Special Needs Financial Planning with Betsy Larson_Full Discussion

Hosts Meghan (Smallwood) and Patrick (Cadigan) are joined by special needs financial planner Betsy Larson for a discussion on financial and estate planning for families of individuals with disabilities. Betsy explains the importance of planning for a "three-person" retirement, using tax-efficient strategies, trusts, ABLE accounts, and her "bucket plan" to provide long-term financial security while avoiding common planning mistakes. She also discusses individualized approaches to guardianship, the value of a detailed letter of intent, the role of corporate trustees, and the importance of keeping estate plans up to date to ensure continuity of care. Join the conversation! Episode Keywords: Special needs, special needs planning, financial planning, financial planner, three-person retirement, government benefits, Medicaid, SSI, SSDI, bucket plan, now bucket, preservation bucket, distribution bucket, special needs trust, ABLE account, tax management, inheritance, estate planning, legacy planning, guardianship, supported decision making, letter of intent, transition process, corporate trustee, housing options, emotional support. Links: Special Needs Advanced Planning (link [https://www.elizabethjlarson.com/]) YouTube Channel (link [https://www.youtube.com/c/elizabethlarson]) Podshare - Six Pillars of Financial Planning (link [https://www.p2transition.com/1997915/episodes/17988385-podshare-special-needs-advanced-planning-6-pillars-of-special-needs-financial-planning]) Ep. 70 ABLE Accounts vs Special Needs Trust (link [https://bit.ly/4er48Wa]) Ep. 92 Interview: Kelly Nelson & Understanding ABLE Accounts (link [https://www.p2transition.com/1997915/episodes/18468685-092-interview-kelly-nelson-understanding-able-accounts_full-discussion])  Send Us Questions or Comments [https://www.buzzsprout.com/1997915/fan_mail/new] Support the show [https://buymeacoffee.com/p2transition] To download a copy of a transcript for this episode or any of our previous conversations, click here [https://bit.ly/3CPT9pg]. Also visit our Podcast webpage to find links to all of our other discussions; go to www.p2transition.com [https://www.p2transition.com/]. Additional information about post-secondary transition can be found at our website [https://bit.ly/3Bo9YTB]. The Post-Secondary Transition Podcast Facebook page [https://www.facebook.com/p2transition]. Visit our YouTube Channel [https://bit.ly/3u5eXoR]to find additional video resources. Intro/Outro and Ad Music by Oleksandr Stepanov [https://pixabay.com/users/penguinmusic-24940186/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=186374] & AudioCoffee [https://www.audiocoffee.net/] from Pixabay [https://pixabay.com/music/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=113994]. Transition music by Joseph McDade from Transistor [https://transistor.fm/free-podcast-intro-music/].

106. Special Needs Financial Planning with Betsy Larson Pt. 2

Hosts Meghan (Smallwood) and Patrick (Cadigan) continue their discussion with special needs financial planner Betsy Larson. This weeks discussion focuses on views on guardianship and emphasizing the need for individualized approaches. Betsy stresses the importance of the letter of intent, which includes financial, medical, and personal details, to ease transitions. Betsy also highlights the role of corporate trustees in managing trusts and the necessity of updating estate plans. This and a lot more! Join the conversation! Episode Keywords: Special needs, financial planning, guardianship, letter of intent, transition process, tax management, supported decision making, estate planning, ABLE account, Medicaid, SSI, SSDI, corporate trustee, housing options, emotional support. Links: Special Needs Advanced Planning (link [https://www.elizabethjlarson.com/]) YouTube Channel (link [https://www.youtube.com/c/elizabethlarson]) Podshare - Six Pillars of Financial Planning (link [https://www.p2transition.com/1997915/episodes/17988385-podshare-special-needs-advanced-planning-6-pillars-of-special-needs-financial-planning]) Ep. 70 ABLE Accounts vs Special Needs Trust (link [https://bit.ly/4er48Wa]) Ep. 92 Interview: Kelly Nelson & Understanding ABLE Accounts (link [https://www.p2transition.com/1997915/episodes/18468685-092-interview-kelly-nelson-understanding-able-accounts_full-discussion])  Send Us Questions or Comments [https://www.buzzsprout.com/1997915/fan_mail/new] Support the show [https://buymeacoffee.com/p2transition] To download a copy of a transcript for this episode or any of our previous conversations, click here [https://bit.ly/3CPT9pg]. Also visit our Podcast webpage to find links to all of our other discussions; go to www.p2transition.com [https://www.p2transition.com/]. Additional information about post-secondary transition can be found at our website [https://bit.ly/3Bo9YTB]. The Post-Secondary Transition Podcast Facebook page [https://www.facebook.com/p2transition]. Visit our YouTube Channel [https://bit.ly/3u5eXoR]to find additional video resources. Intro/Outro and Ad Music by Oleksandr Stepanov [https://pixabay.com/users/penguinmusic-24940186/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=186374] & AudioCoffee [https://www.audiocoffee.net/] from Pixabay [https://pixabay.com/music/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=113994]. Transition music by Joseph McDade from Transistor [https://transistor.fm/free-podcast-intro-music/].

105. Special Needs Financial Planning with Betsy Larson Pt. 1

Hosts Meghan (Smallwood) and Patrick (Cadigan) are joined by Betsy Larson, a financial planner for families with special needs. Betsy emphasizes the importance of planning for a "three-person" retirement, considering the needs of both parents and their child with disabilities. Betsy talks about her "bucket plan," (categorizing funds into now, soon, and later) to manage finances effectively. Betsy highlights common mistakes, such as not planning at all or leaving assets directly to a child, and stresses the importance of tax-efficient strategies, like using life insurance and Able accounts. The trio also cover the necessity of family conversations and proper inheritance planning to ensure long-term financial stability. Join the conversation! Episode Keywords: Special needs planning, financial planner, three-person retirement, government benefits, bucket plan, now bucket, preservation bucket, distribution bucket, special needs trust, Able account, tax management, inheritance, guardianship, letter of intent, legacy planning. Links: Special Needs Advanced Planning (link [https://www.elizabethjlarson.com/]) YouTube Channel (link [https://www.youtube.com/c/elizabethlarson]) Podshare - Six Pillars of Financial Planning (link [https://www.p2transition.com/1997915/episodes/17988385-podshare-special-needs-advanced-planning-6-pillars-of-special-needs-financial-planning]) Ep. 70 ABLE Accounts vs Special Needs Trust (link [https://bit.ly/4er48Wa]) Ep. 92 Interview: Kelly Nelson & Understanding ABLE Accounts (link [https://www.p2transition.com/1997915/episodes/18468685-092-interview-kelly-nelson-understanding-able-accounts_full-discussion])  Send Us Questions or Comments [https://www.buzzsprout.com/1997915/fan_mail/new] Support the show [https://buymeacoffee.com/p2transition] To download a copy of a transcript for this episode or any of our previous conversations, click here [https://bit.ly/3CPT9pg]. Also visit our Podcast webpage to find links to all of our other discussions; go to www.p2transition.com [https://www.p2transition.com/]. Additional information about post-secondary transition can be found at our website [https://bit.ly/3Bo9YTB]. The Post-Secondary Transition Podcast Facebook page [https://www.facebook.com/p2transition]. Visit our YouTube Channel [https://bit.ly/3u5eXoR]to find additional video resources. Intro/Outro and Ad Music by Oleksandr Stepanov [https://pixabay.com/users/penguinmusic-24940186/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=186374] & AudioCoffee [https://www.audiocoffee.net/] from Pixabay [https://pixabay.com/music/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=113994]. Transition music by Joseph McDade from Transistor [https://transistor.fm/free-podcast-intro-music/].

104. A Parent’s Guide to the New MSDE Endorsements

Hosts Meghan (Smallwood) and Patrick (Cadigan) discuss Endorsements (new in the state of Maryland) for students who are presently on the certificate track. The duo talk about how endorsements include community and citizenship, career and work readiness, post-secondary education and how competencies can be documented through various sources like IEPs, classroom assessments, and work evaluations. Meghan speaks to how endorsements aim to provide formal recognition and clear pathways for students' post-secondary goals, enhancing their employability, community engagement and so much more. Join the conversation! Episode Keywords: Postsecondary transition, students with disabilities, endorsements, certificate of completion, diploma track, community and citizenship, career and work readiness, post-secondary education, competencies, IEP, Maryland, transition readiness, vocational training, employment prospects, community engagement. Links: Certificate Track - Where to Start (link [https://bit.ly/3XDTGTg]) Acronyms and Definitions (link [https://bit.ly/44cAbmf]) Maryland (specific) Links/Supports: Maryland Certificate of Program Completion Endorsements FAQ 1 PDF (link [https://drive.google.com/file/d/1l-zGbXO0EaoN8bWYHSHKYAoIU38Zcu0b/view?usp=sharing]) Maryland Certificate of Program Completion Endorsement Parent FAQ 2 PDF (link [https://drive.google.com/file/d/18WA3ZH0BwMLpe6sYVTNrWbhEeBuwzxBk/view?usp=sharing]) Maryland Certificate of Program Completion Endorsement Attainment Rubric PDF (link [https://drive.google.com/file/d/1Kl61uIAxhX40LO2w4UxvUyCnb6PGEcg0/view?usp=sharing]) PPMD Maryland Certificate of Program Completion Endorsements (video [https://www.youtube.com/watch?v=SUAfaKhMPx4])  Send Us Questions or Comments [https://www.buzzsprout.com/1997915/fan_mail/new] Support the show [https://buymeacoffee.com/p2transition] To download a copy of a transcript for this episode or any of our previous conversations, click here [https://bit.ly/3CPT9pg]. Also visit our Podcast webpage to find links to all of our other discussions; go to www.p2transition.com [https://www.p2transition.com/]. Additional information about post-secondary transition can be found at our website [https://bit.ly/3Bo9YTB]. The Post-Secondary Transition Podcast Facebook page [https://www.facebook.com/p2transition]. Visit our YouTube Channel [https://bit.ly/3u5eXoR]to find additional video resources. Intro/Outro and Ad Music by Oleksandr Stepanov [https://pixabay.com/users/penguinmusic-24940186/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=186374] & AudioCoffee [https://www.audiocoffee.net/] from Pixabay [https://pixabay.com/music/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=113994]. Transition music by Joseph McDade from Transistor [https://transistor.fm/free-podcast-intro-music/].

103. Your Transition Toolkit: From Freshman to Senior Year

Hosts Meghan (Smallwood) and Patrick (Cadigan) revisit earlier discussions and chart the transition planning process across all four years of high school, highlighting how supports, planning, and responsibilities evolve for students with Individualized Education Programs (IEPs) and their families. Beginning with freshman year, they discuss understanding the IEP process, learning transition-related terminology, organizing documentation, and exploring state-funded agencies. As students move into sophomore year, the conversation shifts toward career exploration, school-based work programs, transition fairs, ABLE accounts, assistive technology, academic planning, and independent living skills for both diploma-bound and certificate-track students. During junior year, they talk about medical assistance, Social Security, healthcare transitions, financial planning, career development, and strengthening everyday independent living skills. Concluding with senior year, they emphasize finalizing student-centered transition plans, participating in transition meetings, understanding accommodations and supports, differentiating pathways for diploma-bound and certificate-track students, and developing strong self-advocacy skills and support networks for life after high school. Join the conversation!  Episode Keywords:  senior year transition, diploma bound, certificate track, student centered plan, transition meetings, financial aid, FAFSA, standardized tests, college applications, scholarships, disability support, employment preparation, support network, self-advocacy, at-home folder, students, families, transition, junior year, resources, college, discussion, update, IEP, diploma, information, interests, high school, process, parents, certificate, conversation, disabilities, acronyms, middle school, freshman, present levels Original Discussion Links: Ep. 50 - Changes for Middle & onto Freshman Year (link [https://bit.ly/4ckuEwq]) Ep. 51 - Sophomore Year (link [https://bit.ly/3xsAA89]) Ep. 55 - Junior Year (link [https://bit.ly/4g5M1E7]) Ep. 63 - Senior Year+ (link [https://bit.ly/4fEWXYT])  Send Us Questions or Comments [https://www.buzzsprout.com/1997915/fan_mail/new] Support the show [https://buymeacoffee.com/p2transition] To download a copy of a transcript for this episode or any of our previous conversations, click here [https://bit.ly/3CPT9pg]. Also visit our Podcast webpage to find links to all of our other discussions; go to www.p2transition.com [https://www.p2transition.com/]. Additional information about post-secondary transition can be found at our website [https://bit.ly/3Bo9YTB]. The Post-Secondary Transition Podcast Facebook page [https://www.facebook.com/p2transition]. Visit our YouTube Channel [https://bit.ly/3u5eXoR]to find additional video resources. Intro/Outro and Ad Music by Oleksandr Stepanov [https://pixabay.com/users/penguinmusic-24940186/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=186374] & AudioCoffee [https://www.audiocoffee.net/] from Pixabay [https://pixabay.com/music/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=113994]. Transition music by Joseph McDade from Transistor [https://transistor.fm/free-podcast-intro-music/].