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To: reaganaut; Dog Gone

The first several years, Terri's care was paid for by the Schindlers and some of Terri's health insurance from her benefits with Prudential. The 'windfall' came in Feb. 2003. On top of the rehab money, Michael was awarded $300,000 for loss of consortium. Kind of like when people win the lottery, I don't think Michael was exactly frugal with it, although that is more speculation on my part rather than fact.

However, the money in the trust fund is expected to be invested wisely, and I think that the bank who holds the trust account is supposed to advise and help out with accomplishing that. The area newspapers did a track on it at one point, I believe around 97/98 (but it could have been later), and at that point there was still $750,000 left in the trust. It is documented that it wasn't hit hard until the lawyers for Michael got hold of it, to the tune of $500,000 +. Felos recently claimed that there was ~ $60,000 left in the account.


475 posted on 02/23/2005 8:22:05 PM PST by Ohioan from Florida (The only thing necessary for the triumph of evil is for good men to do nothing.- Edmund Burke)
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To: Ohioan from Florida

thanks for the info.


483 posted on 02/23/2005 8:27:33 PM PST by reaganaut (Not all Thanatologists are pro-death, abortion or euthanasia)
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