Caring for a family member is a responsibility many people bear. It can also be a source of income. So-called "caregiver agreements" -- formal contracts under which relatives are hired to care for elderly family members -- have been around for a while. But with the economic downturn, more families may be open to entering into such arrangements, some attorneys and caregiver advocates say. Read full article
Sunday, January 25, 2009
Relatives Can Be Paid To Look After Elderly
Subscribe to:
Post Comments (Atom)
This is great for families who are struggling to care for their parents at home.
ReplyDeleteIt's about time. I love my mother dearly and would never think of having her live anywhere else but with me, however the expense involved is almost out of control. My wife and I have cut back on just about everything. Thank you for sharing this information. You are a life saver or should I say a marriage saver!
ReplyDeleteThank you
Tom Lennox
Minneapolis
After my father in law died, everyone was too busy to help clean out his home. So, while my children were home on spring break from college we let them earn some extra money by helping out. Since the children were very close to him, I believed it actually help them in the grieving process.
ReplyDeleteWill the office on aging in putnam county,indiana help me get a care giver agreement?
ReplyDeleteMost likely no. The above article describes how a family can get privately paid from the person they are caring for, not government fund reimbursement.
ReplyDeleteYour best bet is to speak with an attorney or a financial planning professional. Barbara Steinberg of BLS Advisors is someone that I would suggest you contact. You can learn more about her services and areas of expertise by visiting www.agingwithgrace.net and clicking on the link for BLS Advisors. BLS offers an exclusive discount for Aging with Grace members. I hope this helps...Patricia