The National Directory of Certified Public Accountants

Ask A CPA - Caregivers - Helping Relatives

Estate Planning Suggestions For Family Caregivers

Many Caregivers provide support and care for elderly parents who are cash poor but house/real estate rich.Caregivers who pay for the care of their parents monthly house and living expenses and medical costs including private nurses should consider treating these payments as loans securing the loan against the parent’s home, in the event the house is sold to pay for nursing home cost , they can recoup the monies they had advanced.

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