A very large donation to a living trust takes all the money out of his hands. The trust at their discretion can make payments as needed, without losing your government benefits. Its something to think about with a benefits lawyer. W
In a message dated 9/30/05 4:36:24 PM, [EMAIL PROTECTED] writes: << Remember, 30-40% will go to his lawyer. So he gets about 4 mil. Unless he buys bonds, investments can go down just as easy as up. And the Market just had a big drop a few years ago. If you got in just in time for a 50% drop, remember it takes a 100% increase to catch back up. So I'd go very safe investments, that's only getting you 4.5% on long term bonds now. So roughly he could make $200,000 a year. That's great, but even if he gets insurence, that does not cover live-in care. I don't know his level, but if it's vent level, just his nursing care can cost a lot... ----- Original Message ----- 5.7 million sounds like a lot, but if you have to pay for all of your medical care out of it, it can be eaten up real quick. What do you guys think? >>
