Chapter 11 - GERALD’S COMPANY
Gerald’s retirement was not as comfortable as everyone assumed.
The plumbing-supply sale produced money.
Then bad investments.
A restaurant partnership.
Two speculative properties.
A loan to Michael’s cousin that never returned.
By the time Michael died, Gerald and Patricia had assets.
Also debt.
They did not need Emily’s trust to eat.
They used it to preserve a lifestyle.
Property taxes.
Travel disguised as respite care.
Vehicle reimbursement.
Home modifications.
Caregiving wages.
The trust audit found $314,000 in payments to Gerald and Patricia over eighteen months.
Some support was legitimate.
Emily stayed with them.
They drove her.
They attended appointments.
Not $314,000 worth.
Then Medicaid claims.
Different payer.
May you like
Same hours.
Double billing.
