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Chloe2U2 Asked May 2020

POA compensation?

Is it legal to charge/collect $1,000 per month from a parent with Alzheimer's if you are POA and they live in your home?

TaylorUK Jun 2020
Usually yes if you are the carer, but check with an attorney for your state rules.

swanalaka May 2020
Sounds like you need legal advice. Every state is different.

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LisaFrank May 2020
Its legal if the POA document has provided for it. Otherwise, consult an attorney.

FloridaDD May 2020
There are a few ways to do this.   I think your biggest concern has to be if the parent eventually needs Medicaid, and you do not want the 1,000 treated as a gift.  There are a few ways you can do this.

1.  Rental agreement -- must be at fair market value, and you pick up on your tax return.

2.  Roommate agreement -- appropriate share of costs, not income to you.

3.  Caregiver agreement, must be notarized and signed BEFORE care starts.

Isthisrealyreal May 2020
If it is for their room and board and care absolutely it is legal.

If it is for POA responsibility then you need to see what the POA says about paying the POA, this is usually addressed right in the PIA.

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