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Eldercare
Reply to "Is it reasonable to be paid?"
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[quote=Anonymous][quote=Anonymous]People on this forum are very weird about reimbursement for valuable work performed. I served as financial power of attorney for an elderly non-parent relative and paid myself $500 a month to manage her bills/finances, coordinate her assisted living care, file her taxes, and manage her investments. I am quite sure people would be horrified on this forum. I was ripped to shreds by these dcum folks upon suggesting that I should compensate myself for managing the disbursement of her trust to 24 beneficiaries upon her death. I am ignoring their advice. My recommendation for you is to chat with your siblings about what you think is a fair plan. I suspect if they are rational people can all agree to something, at the very least reimbursement for the parking and food. You are a good daughter. He is lucky to have you.[/quote] I control my 85yo mom’s finances and pay all her bills. I do her taxes, manage her investments, and coordinate with her assisted living. I have done so for 9 years. I don’t pay myself anything for this, even though it involves time and effort. I do it to take care of her because she took care of me when I was a child.[/quote]
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