A sibling has POA for a family friend who was very close to my Mom. My Mom died and my sibling now has POA for the friend, who is in her 90s. My sibling has announced that $75hr FT is not unreasonable to pay herself for managing the health necessities for the elder person, who is in a memory care unit. All 3 siblings are supposed to inherit equally from this individual's estate. Is there a misuse of funds issue here?
I am full time caregiver and hold POA for Financial as well as Health issues and I am paid nothing. My parents trust did not state that any of us would be paid for holding this position/s. I would love to be paid for everything I do but that isn't going to happen as I would have a fight on my hands, even though I have given up about 8 years of my life to caring for my parents.
I think that if this is your sister then the 3 of you need to sit down and have a discussion about her "salary" and would she make this much if she were holding a full time job? Chances are the answer is NO. I would also seek legal advice from an attorney prior to the discussion.