In 2009, Bryon and Marilyn Sanders decided to retire. For the past 25 years they had, through hard work and determination, built up from humble beginnings a successful business that they finally sold for $400,000. It was, they thought, a very comfortable nest egg.
Shortly after their retirement, the couple became concerned when Marilyn began waking up in the middle of the night to discover Bryon wandering around the house. They could no longer dismiss these incidents as “sleepwalking” when Bryon left the house one night and was returned the following morning by the police, who had found him a mile away, completely disoriented.
A medical diagnosis revealed that Bryon had early stage Alzheimer’s. They were devastated. Since Marilyn couldn’t manage Bryon’s care at home, she had no choice but to place him in a nursing home. She quickly realized that the high cost of Bryon’s care was going to rapidly deplete their nest egg. When Marilyn inquired into receiving financial assistance, everyone seemed to have the same response: Bryon and Marilyn had too much money to qualify for assistance.
It seemed hopeless, until Marilyn’s sister discovered Barron Ross Corporation. Marilyn immediately contacted Barron Ross and scheduled a consultation. She was relieved to learn that through careful Entitlement Planning it was possible to protect both their nest egg and their home, and to qualify Bryon for Long-Term Care Entitlement benefits. Marilyn proceeded with the planning and with Barron Ross handling the entire application and qualification process, Bryon qualified for benefits. Thanks to Barron Ross, Marilyn was able to make sure Bryon received the care he needed without spending down the nest egg it had taken them over 25 years to build.
Note: Marilyn volunteered to disclose Bryon’s diagnosis of Alzheimer’s.