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Reply to "Can I charge my hourly rate for helping parent?"
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[quote=Anonymous]Why on earth did you cancel his credit cards???? You should’ve kept them in a safe place and yes used it and then paid off the balance using his bank account which you are on! Nobody bats an eye if you use someone else’s credit card. In fact my dad has mine on him so it’s the reverse. As for being compensated, yes you should be, but instead of the hourly rate can you go for the annual gift amount? Or is it less than he owes you? Wealth transfer is a thing and yes it should be done now. He may end up in need of Medicaid financed SNF and then you want to avoid estate recovery. [/quote]
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