Even though many families opt to hire the services of a professional caregiver to assist in relieving the burden of providing care for an elderly family member or friend, it is acceptable for individuals to decide to provide care for an elderly loved one within the family. This is the case even though many families choose to hire a Hammonton NJ estate planning lawyer. If you are a member of the family, you have the opportunity to generate money by providing care to other family members in the comfort of your own home. This may be done as a part-time or full-time job.
Let’s Have A Look At How It Operates, Shall We?
- First things first: you will need to get over any uneasiness you may have about talking about subjects such as needs, earnings to be earned, when you’ll be paid, any probable health concerns, the schedule you’ll be required to maintain, and how respite care and sick days for carers will be handled.
- The subsequent step in the procedure entails the creation of the written contract itself. Make it a point to check that the essentials, such as the hourly salary and any services that will be done, are covered in the agreement.
- You should get in touch with an elder care expert, such as those that are available at Scott Counsel, so that you can ensure that the contract complies with all of the applicable tax rules, has provisions for inheritances, and has been authorized by all of the other possible parties who could be interested in it (such as siblings).
- Keep an open mind to the possibility that you and the people you care about might benefit from speaking with a licensed counselor (one whose specialty is elder care). When it comes to the plan that you want to put into action, there is a good chance that some of the members of your family will find it unpleasant or will disagree with your choice. This is because there is a great potential that some of the members of your family will find it unsettling.
- The individual who will be receiving care, as well as the one who will be providing care, must both sign the contract for it to be considered legal.
Always make sure that you maintain a record, for the sake of your business, of the following things:
- Include not only the services themselves but also the dates on which they were done, the total amount of money that was paid for the services, and the total amount that was paid for the services. Documentation of this sort is required if a member of the family intends to apply for Medicaid at any point shortly. You must keep precise records of everything because, as part of the qualifying process, a caseworker will look back at your records for the past five years and determine whether or not you qualify for the program.
- Include data about any money you may be receiving! Any earnings that the caregiver has made while performing their duties as a caregiver are considered to be taxable income and must be reported by the caregiver as required by law. you are required by law to implement this change immediately. If the applicable taxes have not been paid, Medicaid will consider the money to be a gift rather than an expenditure. As a result, the odds of your loved one qualifying for Medicaid in the future may be diminished.
FINAL THOUGHTS
Dial the number of the law firm if you or someone you care about needs help with elder care-related legal difficulties and if you want to find out more about the firm’s services. Permit them to help you relieve some of the tension you’re under and provide you with a solution at the same time as you permit them to do so.