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My soulmate and I just purchased a home (not legally married) and my father is a stroke victim that can’t take care of himself. My sister and I are co-POAs. My brother has been and will be taking care of him under our roof as co-caregiver, with me. We all get along and want to make it as seamless as possible to not upset IRS by paying rent and fees to my brother and I for caregiving. If we can't take care of our dad and he needs to be placed in a home, how do we avoid penalties with Medicaid? He makes $2,300 a month and I want to have it divided evenly with everybody’s needs met and plan for whatever may come along to be flexible with what-ifs. Is it best to have an understood plan with family members or do we need to have all kinds of legalities involved? Thanks, any input would be helpful.

Not knowing how to manage your POA work isn't OK, and your Dad's money pays for you to seek expert help. Please do so and see an elder law attorney to help you with any number of questions you may be. I was POA and Trustee for my brother. This is hard work and you cannot afford to be wrong.

An attorney can also help you avoid a whole lot of expense by having you set up things not as "rental" but as shared living costs, and etc, which are not taxable as rental IS.
Do see an attorney for help. You will be so glad that you did. And it is absolutely FINE For you to pay your Dad's cost to WHOMEVER and WHATEVER they are, and you only obligation is meticulous RECORDS of all costs.

An elder law attorney can also help you to devise an ironclad careplan and care contract that stipullates expenditures.
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Reply to AlvaDeer
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Dustinsami, welcome to the forum. Your best bet is to make an appointment with an Elder Law Attorney who can walk you through the pros and cons of this type of arrangement. State laws vary from State to State. Wish we could help, but we are not Attorneys or CPA's, we are current/past caregivers helping other caregivers world wide with various situations.


To find an Elder Law Attorney in your area, scroll down to the bottom of this page. Click on "Elder Law Attorneys". Put in the city/state where you live. You will get a list of the such Attorneys in your area. Hope this helps.
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Reply to freqflyer
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