Payback for Holocaust Survivors
Since the war, the German government has instituted numerous programs for Holocaust survivors seeking financial reparations, but applying for the money can be a challenging process, often requiring documents that the survivors don't have. Sometimes, the survivors are asked to remember details of events that happened more than 70 years ago, which is tricky since many of the survivors are in their late 80s or 90s and simply can't remember the specifics.
"These survivors lived through hell," said Private Wealth Services Partner Kevin Packman. "A lot of them accomplished great things and amazing feats beyond their survival. They've lived successful lives, raised successful and productive children, but a lot of them are really suffering now. They're living below the poverty line in their golden years. Some say they don't want any of that 'blood money' from Germany, but they need it."