He's living with me and doesn't want to live in a nursing home; but has too much money right now to be eligible under a Elderly Medicaid waiver, so I can be paid as a Caregiver. I had to quit working, due to him having two major health issues this year. In January they said he had signs of dementia and needed 24 hour supervision and care. Then this March he fell ill with hardening of the arteries. I can't work fulltime and have no income of my own, how do we handle this? I am ready to revoke my POA and have another family member take over or have the courts appoint someone. He can't manage his bills but his long term memory is still great. I've explained that he probably has to appoint another POA, but he still want me as a paid caregiver and POA. I am at my wits end, want to help him but I don't want trouble legally. I tried to get advice from the attorney who file the POA in 2010. He knows the situation, but all he says is document. I have to pay my bills and take care of him with his monthly income. I sold his home and place the money in a separate checking account to pay for respite and other personal needs. The monthly income from retirement is caring, room and board. But as POA how do I pay myself. I don't intend on getting into trouble. I want to protect my Uncle and also protect myself. Help!
I am in the same boat...gave up my job to move in with Mom. I have financial POA and write checks directly to all providers and cash for incidentals (meals out, pet food, groceries, beauty shop, etc.)
I will check with our CPA, so I guess I'd suggest that you also discuss this with a tax accountant, but I don't think you are afoul of the law.