A lateral limb support system and a method of using the same to facilitate healing of the limb or an appendage thereof are disclosed. The lateral limb support system can include a base a stanchion, having a first leg and a second leg, wherein the first leg is removably and adjustably coupled to the base and a limb stabilizing plate removably and adjustably coupled to the second leg. A longitudinal axis of the limb stabilizing plate can be generally perpendicular to the longitudinal axis of the second leg. The system can include both a stationary base and a portable, or wearable, base. This arrangement allows a great deal of flexibility for positioning the wearers limb in a comfortable position, while still maintaining the proper positioning of the limb to facilitate healing.