Alabama Family Trust has long-term relationships with representatives of clients with special needs trusts. Dana Zimbleman of Colorado served as representative for the special needs trust set managed by Alabama Family Trust to care for her mother, Iva Posey, here in Alabama. Dana graciously agreed to share her experience with others who have elderly loved ones.
Dana's full story may be helpful to you as well.
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"My family's situation is probably a cautionary tale to others about what happens if you are middle class and do not plan adequately for the possibility that you may end up in custodial care during your final years."
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“As bad as our situation was, I am so happy that I got good legal advice and was able to use Mother’s money for her rather than impoverish her completely to receive basic Medicaid-level nursing home care.”
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“If I had followed Medicaid’s spend-down requirement, Mother would have received no extra benefits at the nursing home even though she had actually invested in her care. At those [nursing home] prices, I would have depleted my parents’ entire life savings in about three years.”
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