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[quote=Anonymous]Is there a will or trust? Is their home the only asset? If you're the primary caregiver, speak with them about appointing you as medical proxy, power of attorney and executor or trustee. In most states, the trustee or whatever it's called in your state (some states it's personal representative) are entitled to compensation. Your parents should declare a percentage of assets paid to you. States usually calculate compensation anywhere from 3-5% plus reimbursement for purchases for your parents care. If you go above and beyond reasonable responsibility in executing their will, estate, and other assets, compensation can be higher. Compensation is taxed though. If your in a state that doesn't have an inheritance tax, you might not want to skim off the top of inheritance since its tax free. [/quote]
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