The Importance of Caregiver Contracts

Posted on October 2, 2014

A goal that my clients bring up in meetings time after time is that they wish to stay in their own homes for as long as possible. Many people, however, find the cost of bringing help into their homes to be daunting. Elders are increasingly turning to their adult children for in-home care. As...

Thrown into the Deep End

Posted on May 18, 2010

Did you see Michelle Singletary’s column this weekend in the Boston Globe? I like her column, The Color of Money. She writes in a straight-forward, honest manner, with guidance targeted at “regular folks” like myself.

This weekend she wrote about essentially being thrown into the deep end of the...

More Reasons to Write up a Caregiver Contract

Posted on November 13, 2009

I've been writing a lot about caregiver contracts lately. That's because they represent the ideal solution for so many families. Many children become part-time or even full-time caregivers for their aging parents. Sometimes a child needs to be paid for this - usually that is the only way she can afford to leave her...

What Goes into a Caregiver Contract?

Posted on September 21, 2009

If as a parent and child, you have agreed that the child will care for her parent in exchange for compensation, you need to work with an elder law attorney to draft a caregiver contract, as discussed in earlier posts.

What will your attorney put into the contract? She will list...

Paying Your Children to Care for You? Put it in Writing.

Posted on August 30, 2009

As they need more help with daily tasks, many parents prefer to have their kids helping them rather than hiring an aide. And many children want to be helping their parents, if only they could afford to quit their job.

One solution is for the parent to hire the child. I discuss...

Being Paid to Care for Your Parents

Posted on January 28, 2009

As their parents have needed increased hands-on care and errand-running, many “Boomers” have been squeezed trying to juggle caring for their parents and performing well at work. Our current economy has produced a mixed blessing for some – lost jobs means time to address their parents’ needs, but without economic security. One solution is...