In Summary, Terri has received an aggregate sum of $1,590,000.00. Nonetheless, in June of 1993, the asset balance in Terri’s account was reduced to $761, 507.50, as reported by Michael Schiavo. Schiavo's attorney, however, has sealed the accounting, which would disclose how Terri's account was depleted by approximately $828,492.50, (52%) in only 1 year and 6 months.
Much of the money is suddenly gone. Where it went is being hidden by the lawyers.
We estimate that Terri's account balance is now less than $300,000. We expect Attorney Deborah Bushnell and Attorney George Felos to invoice over $90,000 to bring their legal fees current. We believe that after legal fees are paid the balance in Terri’s fund, as of February 28, 2002, will be around $200,000.
Also, there is no telling the future amount Attorney George Felos will charge Terri, via Michael Schiavo, for his legal endeavors.
$90,000 out of $300,000 is 30% of what is left, and that was only an estimate, made at whatever time that page was written. The new twists will surely drive the legal fees higher. I still think the lawyer will get most of what is left. I will conceed that I could/should have been clearer that I was referring to only the money that was left; i.e. That which Ston refered to the husband potentially inheriting.
BTW, since the settlement was already made and paid, contingency doesn't apply, so the amount of the fund is irrelevant to their charging scheme, and there is no limit to how much of that money they can eventually charge. |
