In this episode of Planning Reimagined, Celeste Moya and Kris Stegall discuss the critical importance of proactive planning for individuals with special needs, focusing on the case of Edward Whitmore, a retired executive concerned about his son Daniel's future. 

They explore the complexities of financial management for vulnerable individuals, the creation of a special needs trust, and the role of corporate trustees in ensuring financial dignity and protection. The conversation emphasizes the need for comprehensive planning that considers both financial and non-financial aspects of care, including long-term care considerations and the importance of flexibility in trust management.t.

Key Takeaways:

• Proactive planning is essential for vulnerable individuals.
• Financial management challenges often arise for those with special needs.
• Creating a safety net involves more than just financial assets.
• Corporate trustees can provide impartial management of trusts.
• Long-term care planning is crucial for future needs.
• Flexibility in trust management allows for changing circumstances.
• It's important to consider both financial and non-financial aspects of care.
• Planning should be tailored to the individual's unique situation.
• Don't delay in establishing a special needs trust.
• Engaging professional care managers can enhance support for vulnerable individuals.

Subscribe to our *Story of the Week(ish)* for planning insights in your inbox: https://zc.vg/P36OR

Learn more at https://www.robinglen.com

Disclaimer: This podcast is for educational purposes only and should not be considered tax, legal, or investment advice. Please consult your professional advisors regarding your personal situation.

Welcome back to Planning Reimagined, now reimagined for real-life stories, shorter episodes, and actionable insights.

In this episode, Celeste Moya and Kris Stegall share the story of Philip and Danielle Lawson (names changed), a couple in their 40s who thought their planning boxes were checked… until they realized one major blind spot: long-term care for aging parents.

When Philip’s parents, living on pensions and Social Security, faced potential care needs, the couple discovered just how quickly those costs could derail their own goals for college savings, retirement timelines, and charitable giving.

Celeste and Kris walk through:

• Why long-term care is one of the most underplanned risks in family wealth
• What Medicare and Medicaid actually cover (and what they don’t)
• The difference between traditional and hybrid LTC solutions
• How “inefficient” assets (like old annuities) can be repositioned to triple care value
• And how multi-generation planning protects not only parents, but your children’s future too

They also explore the emotional side, including how caregiving can strain families, drain assets, and fracture relationships, and what you can do now to prevent it.

Key Takeaways:

• 75% of people over 65 will need some form of long-term care
• LTC costs rise faster than general inflation (≈4.6% annually)
• Hybrid life insurance and annuity designs can turn dormant assets into 3–4× care leverage
• Proactive planning protects *three generations* — parents, you, and your kids

Resources

Subscribe to our Story of the Week(ish) for planning insights in your inbox: https://zc.vg/P36OR

Learn more at https://www.robinglen.com

Disclaimer

This podcast is for educational purposes only and should not be considered tax, legal, or investment advice. Please consult your professional advisors regarding your personal situation.

In this episode, Celeste welcomes Dan Lappin, Founder of Lappin 180, to discuss a whole new way to approach goal setting through building a resilient mindset. Through personal anecdotes, professional insights, and practical strategies, they unravel the often misunderstood concept of detachment from outcomes, emphasizing a focus on processes rather than end goals. Dan discusses how embracing discomfort and failure can be pivotal for growth. Celeste talks about how her father's advice to be "comfortable being uncomfortable" has shaped her career and personal life.

They also talk about the power of incremental progress, positive self-talk, and adopting a mindset that sees each action as a step toward greater goals. They discuss the importance of feedback, handling failures constructively, and cultivating an abundance mindset. Dan offers insights into the cognitive and emotional impact of labeling experiences, highlighting the necessity of maintaining a neutral and objective stance for better decision-making.

To find out more and connect with Dan, visit: https://www.lappin180.com/

Key Topics Discussed:

• Detachment from outcomes and its impact on motivation
• The importance of focusing on processes rather than outcomes
• Embracing discomfort and failure for personal and professional growth
• Positive self-talk and mindset-strengthening strategies
• Incremental progress and viewing goals as a series of small steps
• The significance of feedback and handling it constructively
• Cultivating an abundance mindset through gratitude and self-reflection
• The cognitive and emotional impact of labeling experiences
• The modern mindset challenges are rooted in our primal past

In this episode, Celeste and Kris welcome Jeff Savlov, a family business and wealth consultant, to discuss the intricate dynamics of family values, communication, and wealth management. Jeff introduces an exercise for families to identify their core values and highlights the importance of creating a family mission statement. He also shares his purposeful legacy family project designed to engage young children in meaningful discussions about values and needs. Through compelling anecdotes and practical advice, they discuss the challenges families face in maintaining open communication, particularly about financial matters, and offer tools to foster healthier dynamics.

They also talk about the complexities of fairness in family financial planning, addressing how perceptions of unequal love among siblings can impact relationships. They emphasize that successful wealth management requires honesty and vulnerability, especially when discussing inheritance and estate planning. The episode also touches on the significance of early financial education, humor in family dynamics, and integrating open dialogue into the family culture to mitigate the impact of generational differences.

To learn more about or connect with Jeff, visit: https://blumandsavlov.com/

For more information on Robin Glen, visit: https://RobinGlen.com

To schedule an appt with the Robin Glen team, visit: www.calendly.com/ccmoya

• Engaging children in value discussions through the purposeful legacy family project.
• Importance of addressing fairness and perceptions of unequal love in financial matters.
• Integrating open communication about money, death, and healthcare into family culture.
• Anecdotes illustrating children’s wisdom and insights on family needs.
• Role of professionals in resolving family conflicts.
• Tools to facilitate conversations on family values and wealth management.

In this episode, Celeste and Kris sit down with philanthropy adviser Rick Peck to explore the intricacies of strategic charitable planning. They discuss the significant role that transparency and education play in family meetings, where younger generations are taught the "why" behind family values and decisions. Rick shares practical strategies for charitable giving, from simple checkbook donations to more complex approaches like commercial donor-advised funds (DAFs) and private foundations, highlighting the importance of aligning philanthropic goals with personal and financial objectives.

They also discuss the evolving landscape of philanthropy, noting how changes in tax laws and the rise of digital assets like cryptocurrency influence nonprofit strategies. The episode wraps up with essential tips for engaging families in philanthropy, crafting flexible legacy plans, and the financial nuances of charitable trusts and life insurance.

To find out more and connect with Rick, visit: https://www.thephilanthropyguy.com/

For more information on Robin Glen, visit: https://RobinGlen.com

To schedule an appt with the Robin Glen team, visit: www.calendly.com/ccmoya

Key Topics Covered:

• Family meetings and the importance of teaching values
• Various methods of charitable giving
• The rise and impact of donor-advised funds (DAFs)
• Charitable planning involving cryptocurrencies
• The benefits and uses of life insurance in charitable planning
• The role of flexible legacy planning
• Financial tools like Charitable Remainder Trusts (CRTs) and Charitable Lead Trusts (CLTs)

In this special episode of Planning Reimagined, Celeste is joined by Chad Houser, Founder of Cafe Momentum, and Cafe Momentum Ambassador, Tristian Williams to discuss the transformative journey of Cafe Momentum and its significant impact on justice-involved youth. Chad discusses his motivations and the evolution of the organization, which combines a dining experience with social impact. Tristan shares her powerful story of personal growth and transformation, transitioning from a troubled past to becoming a community ambassador and mentor.

Tristan's journey is a testament to the power of community support, education, and personal development, demonstrating how programs like Cafe Momentum can alter life trajectories. Through engaging discussions, the episode highlights the critical role of community involvement, the importance of providing second chances, and how collective efforts can create meaningful change and uplift underserved populations.

To find out more about Cafe Momentum, visit: https://cafemomentum.org/

For more information on Robin Glen, visit: https://RobinGlen.com

To schedule an appt with the Robin Glen team, visit: www.calendly.com/ccmoya

Key Topics Covered:

• The mission and impact of Cafe Momentum
• Tristan Williams’s personal journey and transformation
• The importance of community involvement and support
• Challenges and misconceptions in establishing Cafe Momentum
• Personal growth through culinary and social skill development
• Systemic inequalities and infrastructure issues in urban areas
• The shift from focusing on recidivism to broader measures of success
• Stories of success from Cafe Momentum alumni

In this episode of Planning Reimagined, Celeste is joined by Judy Barton and Catherine Sharp to discuss the intricacies of post-sale wealth management for business owners. Judy highlights the importance of shifting the conversation from budgeting to cash flow needs and wealth longevity, emphasizing investment structure, efficient tax management, asset protection, and more. They also discuss valuable tax strategies and estate planning insights, underlining the necessity of regular estate plan re-evaluation and proactive financial education across generations.

They also talk about the importance of the emotional impact of business sales, financial goal prioritization, and the role of professional advisors in shaping a robust financial future. From leveraging balance sheets to utilizing Opportunity Zones and trusts, you'll learn some of the most important areas where you may be leaving massive money on the table.

To connect with Judy, visit: https://www.bny.com/corporate/global/en.html

To connect with Katherine, visit: https://www.forvismazars.us/

For more information on Robin Glen, visit: https://RobinGlen.com

To schedule an appt with the Robin Glen team, visit: www.calendly.com/ccmoya

Key Topics Covered:

• Shifting terminology from budget to cash flow needs for a positive financial outlook
• The Five Areas of Active Wealth: investment structure, spending, leveraging assets, tax management, and asset protection
• Tailoring investment strategies based on risk tolerance and time horizons
• Utilizing tax strategies like donor-advised funds and annual exclusion gifts
• The significance of regular estate plan updates and understanding upcoming changes in the estate tax exemption
• Professional advice and the importance of a collaborative advisor team
• Preparing heirs for wealth management
• Emotional transitions post-business sale and the necessity of pausing to assess new financial realities
• Financial education resources and their role in long-term wealth management

Celeste is joined by Gina Schaefer, Founder of Logan Hardware, who shares her remarkable journey from being laid off in tech three times, to building a flourishing chain of hardware stores in Washington, DC. Gina discusses the significant challenges she faced, including opening her first store in a neighborhood still reeling from the 1968 riots, and the rapid growth that followed due to strong community involvement and seizing timely opportunities. She details her decision to exit the business through an Employee Stock Ownership Plan (ESOP), offering insights into the emotional and logistical challenges of the transition.

They also discuss the importance of succession planning, adaptability, and understanding one's strengths and weaknesses, and Gina's well-researched and structured approach to the ESOP. The episode also covers the specifics of transitioning a business, the significant tax advantages of an ESOP, and lessons learned from Gina's extensive experience.

To find out more or connect with Gina, visit: https://ginaschaefer.com/

To schedule an appt with the Robin Glen team, visit: www.calendly.com/ccmoya

To learn more about Robin Glen, visit: https://www.robinglen.com/

Key Topics Discussed:

• Gina’s journey from tech industry layoffs to building a successful hardware store chain
• The importance of community involvement and hiring practices
• Detailed insights into transitioning a business through an ESOP
• Emotional aspects and planning of a business exit strategy
• Recognizing key individuals and the role of advisors in business succession
• Lessons learned and common pitfalls in business transitions

If you would like to sell your business at some point, how far in advance should you be preparing for the exit?

In today's episode of Planning Reimagined, the team at Robin Glen are diving

into the world of business exit and succession planning. Celeste, Chris and Mike all share insights on ensuring robust estate and tax planning while thinking about how you would like to exit your business.

They discuss the critical aspects of business sale planning and its impact on both direct and indirect beneficiaries, like employees, ensuring that businesses remain stable and secure. From the importance of liquidity during estate tax payments to the strategic role of life insurance in maintaining financial flexibility, they cover it all. They also break down key strategies such as valuation discounts, charitable planning, and the significance of pre-sale preparations.

They offer real-life examples about the consequences of poor planning versus well-executed strategies and discuss the emotional complexities tied to family businesses, the tactical use of buy-sell agreements, and the many benefits of key person insurance. Additionally, the offer ideas about exit strategies, ownership structuring, and the importance of early and transparent planning.

To schedule an appt with the Robin Glen team, visit: www.calendly.com/ccmoya

To learn more about Robin Glen, visit: https://www.robinglen.com/

Key Topics Discussed:

• Estate Planning and Business Stability
• Life Insurance and Flexibility in Business Sales
• Exit Strategy Considerations
• Market Readiness
• Valuation Discounts
• Succession Planning
• Tax Mitigation Strategies
• Deferred Compensation Plans
• Buy-Sell Agreements
• Presale Strategy Benefits
• Ownership Structuring
• Planning for Changing Circumstances
• QSBS (Qualified Small Business Stock) Exemptions

In this episode, we dive deep into the critical aspects of estate and business transition planning. Celeste welcomes experts Oliver Cohn and Israel Miller to discuss the necessity of a well-thought-out exit strategy for business owners.

The conversation covers everything from ensuring business stability and proper due diligence to the emotional and financial complexities involved in successfully passing down or selling a business. They also talk about importance of having the right advisers and detailed preparation to ensure smooth transitions, whether through a third-party sale or family succession.

Oliver and Israel provide real-world examples and practical advice on mitigating risks, maintaining business value, and preparing for unforeseen circumstances.

For more information and to connect with Oliver, visit:

https://bulkleycapital.com/team-member/oliver-cone/

And to connect with Isreal: https://www.lockelord.com/professionals/m/miller-isreal

To schedule an appt with the Robin Glen team, visit: www.calendly.com/ccmoya

To learn more about Robin Glen, visit: https://www.robinglen.com/

Key Topics Discussed:

• Importance of demonstrating stability in business
• Retention of owners post-sale for smooth transitions
• Due diligence and discovery of hidden liabilities
• Common issues impacting business sales
• Dynamics of negotiation and relationship preservation
• Role of experts in successful business transitions
• Realistic market expectations and professional valuations
• Formation and management of LLCs
• Updating buy-sell agreements and insurance policies
• Emotional and financial complexities in family business transitions
• Steps for preparing a business for future sale or succession