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Reply to "Can I charge my hourly rate for helping parent?"
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[quote=Anonymous]I had to step in and do this for my grandmother. I was managing everything - bills, taxes, groceries, aides, etc. This was in an era before autopay so it was not a set and forget exercise. My Aunt said I should pay myself, so I did. The estate was divided between the siblings, not me, so it seemed fair. I am now doing it for one of my parents. It is insanely time consuming, particularly when there are health issues, and my professional rate is actually more than $900/hour so the lost income is real when I have to miss meetings, etc. But I am not charging. Instead I am hiring help where I can and have paid my adult children to help out on occasion (it is not fun stuff, it is hard work). I do use my parents' credit card for purchases, and track any out of pocket expenses I make on my card. It adds up fast.[/quote]
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