Here’s an interesting article about a subject that is becoming of interest to more and more people – what do you do if adult children become caretakers for their parents, how do you handle the responsibities and should the child be paid …..
A written agreement is recommended whenever the caregiver and aging adult agree that the caregiver should be compensated for his or her services. Although for many families, caregiver services would be rendered without any expectation of monetary reward, reasonable compensation is a recognition of the often significant sacrifices in time, effort and emotional commitment that a caregiver may make for an aging parent’s needs. A Caregiver Agreement can even help minimize the negative family dynamics when one ….
read the complete article here: Caregiver Agreements – Paying Kids To Care For Parents | Financial Awakenings.