"Where Fillmore County News Comes First"
Saturday, October 10th, 2015
Volume ∞ Issue ∞
- 12:39:52, Oct 9th 2015 - KingslandGrad95 - As someone who was a student at Kingsland from it's beginning, pare ... [Read More]
- 11:23:47, Oct 9th 2015 - Go Falcons!! - I'd like to give a huge shout out to Fillmore Centrals Volleyball coac ... [Read More]
- 9:10:55, Oct 7th 2015 - @ Concerned - I have wondered about this too. Most of the Wykoff kids don't even go t ... [Read More]
- 2:53:37, Oct 6th 2015 - Concerned - Has the school board & administration ever checked into why so many studen ... [Read More]
- 9:58:41, Oct 6th 2015 - - Why don't you run for school board, SomethingNeedsToBeDone? Write-in candidates we ... [Read More]
- 2:05:39, Oct 5th 2015 - Paul - The Quaran does not tell Muslims to kill non-muslims. In fact it says Muslims a ... [Read More]
- 1:01:48, Oct 5th 2015 - GoldenRule - Let us be mindful of the Golden Rule and how we treat others. Be careful ... [Read More]
- 11:32:26, Oct 5th 2015 - SomethingNeedsToBeDone - Are people blind?? How can they continue to use a facility ... [Read More]
- 11:23:54, Oct 5th 2015 - James1952 - Pig poker- what did you crybaby vote yes losers do both times you lost th ... [Read More]
- 10:51:29, Oct 5th 2015 - Pig poker - We all know why Jon Peterson doesn't want the school, he's mad because he ... [Read More]
Fri, Mar 25th, 2011
Posted in Ask the Expert
Posted in Ask the Expert
There are many issues that come up when a child is caring for an elderly parent. The major issue is compensation and how that affects estate planning and medical assistance eligibility.
Most people don't initially want to charge their parents for giving
them care. However, the parents and all children need to discuss the reality of the cost of transportation, time off from work, and the cost of food, etc., for live-in care that the child providing the care will expend. It can be extremely helpful for everyone to have their expectations in writing through a personal care agreement.
More importantly, the reimbursement or compensation given under the agreement will not be considered a gift, preventing a tax liability for the parents and preventing a period of ineligibility for medical assistance. However, such an agreement may have tax implications for the children.
Our office can help you determine if a personal care agreement may be right for your family.
Springer & Gumbel, P.A.
141 W. Fillmore St., Preston, MN
Phone (507) 765-3600