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Thursday, July 8, 2010

Relatives can be paid to provide care for elderly family member

There is an article talking about relatives being paid to look after aging parents or other family members here. Although it is American and focuses a bit on Medicaid, which doesn't apply to us here in Canada, the ideas in the article are still quite good and worth reading. People in general are becoming more accepting of the idea that family membes who devote their time to looking after an elderly relative should be compensated for their efforts, particularly when giving that care prevents them from working elsewhere.

I posted an entry about this topic on this blog not long ago, called "What is a Family Care Contract?". Read that blog post by clicking here. I also talk about it in a bit more detail in my "Estate Planning Through Family Meetings" book.

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