Now this is very different, quite often we are so accustomed to
writing stories about sad, once prominent radio and music industry
legends, who ran through their money and ended up with nothing.
Nevertheless, this case speaks volumes for those who DID plan ahead,
SAVED money and STILL end up broke.
Over the weekend, I read a heart-wrenching story about Philly radio
legend Mary Mason, who is was living out her last days in a nursing home
… broke or at least “cash poor.”
Mason, was once a very prominent figure and black talk radio host
in Philly working on the air for over 40 years on the AM frequency as
a political pundit, community supporter, an& advocate as well as disciplinarian
for the black community. She is now sitting in a wheelchair, leaning to
the side, without the ability to speak or remember anything and
declining.
During her heyday, she was wise enough to leverage her assets into
real estate and other investments. She sold time for the station and
hosted many events and was a board member for many committee
organizations to earn extra money. Without question, Mason was
wisely planning for her retirement.
Unfortunately, perfect planning can still go awry.
When she left radio and 2010, she had $1.5 million in assets. She
left her estate to her son C. Steven Turner II, and allowed him to take
over her care in the event that she could not take care of herself.
He
was alarmed at Mason’s decline and strange behavior and immediately went
to work to help with his mother after her diagnosis. She was diagnosed
with Dementia which quickly progressed to Alzheimer’s the same year she
left radio, 2010. Initially, Mason’s son was doing well with her care
until his untimely death at the age of 62 in 2012. By that time, Mason
was declining rapidly in a nursing home. All care along with her
finances then transferred to her only living recorded relative,
her 32-year-old grandson Steven Turner IV who was initially, making
payments to the nursing home of an estimated $7000 per month, then
suddenly the payments ceased.
Montgomery County Orphans’ Court appointed financial guardianship for
Mason to attorney David A. Jaskowiak, Esq. who then filed an emergency
petition, seeking the return to Mason’s estate of an estimated $1.5
million from Turner but court documents showed Turner had already
written checks in the amounts of $100,000, $150,000, and $550,000. As
this would indicate there still may be an approximate $700,000 left from
Mason’s assets, the acquisition may not be quick enough to sustain her
stay at the nursing home while on her deathbed. She is facing eviction
for nonpayment.
Full Article & Source:
Radio Legend with Alzheimers Facing Nursing Home Eviction
Another very sad case and I hope the eviction is turned around for her.
ReplyDeleteWhen the money is stolen, it's almost immediately gone. And there's no getting it back. Now she's in guardianship. How is that going to help her?
ReplyDelete