August 05, 2016
When approached about helping an 18-year-old quadriplegic trust client of The Private Client Reserve purchase a home, Patience Felt suspected that the task might present a number of challenges, but she was happy to take on the assignment.
“It’s a privilege to be able to help all of our clients with their goals, and this opportunity was particularly gratifying,” says Felt, Assistant Vice President of Real Estate Asset Management at U.S. Bank.
Felt was first introduced to the client in 2009 when the trust office directed her to buy a house for the client and his family. The young client was involved in a traffic accident at age 6, which left him paralyzed from the neck down.
Reserve Personal Trust Relationship Manager Thomas Raisbeck recalls that the client was awarded a Special Needs Trust from a lawsuit, and U.S. Bank was appointed trustee of the fund.
The client’s family then used the money to buy a house in the northwest suburbs of Minneapolis and pay for additional services for their son. “We did a renovation on the home,” Felt says. “We hired an accessibility company to design a bedroom, track system, nurses’ station and handicap accessibility in the driveway.”
The family lived in that home until 2015, when the young man decided he wanted more independence and a place he could call his own.