A Disaster Strikes
Sep 01, 2022OUTCOME: Successfully secured Medicaid benefits.
A 71-year-old in great health who'd saved for retirement and worth $3.0 million was looking forward to a great retirement. Then he went for a bike ride. When he hit the curb he flew over the handlebars ... and broke his neck. After 6 months in the hospital and now a quadriplegic on a ventilator, he was moved to one of four nursing homes in NC licensed to provide those services. Private pay: $28,000 a month. His wife was in a panic. Using a highly specialized trust (first known use in NC) we protected all assets for spouse.
