If you suddenly find yourself thrust into a new role caring for a loved one, you are probably wondering how in the world you will navigate these waters.
The role of a Caregiver is fraught with uncertainty, worry, stress, and potentially financial hardship.
Stepping into this role is both an emotional, physical, and financial strain. It may be the first time you’ve seen your loved one unable to care for themselves.
More than 48 million Americans are serving as family caregivers. Unfortunately, most of those Americans are unaware of available resources and have no idea how to overcome the caregiving obstacles they face.
Community resources and other organizations exist to offer help to those caring for loved ones in our communities. Many resources are also available online through the Department of Health and Human Services.
Recently the Credit for Caring Act bill was introduced to the House of Representatives and U.S. Senate. The bill would give a $5,000 tax credit to working family Caregivers to help offset the costs associated with caring for a loved one.Â
There are other ways to offset the financial and emotional strains that come with the job of caregiving.
Compensation through the use of Personal Services Contracts is one way to offset the financial burdens associated with stepping into this role.
Only an experienced attorney should advise you on this agreement and if it would be helpful or harmful in your unique circumstances. If the person you are providing care for is a Veteran, our office can also advise you whether or not there are resources to help cover the cost of your services.
We specialize in educating and helping you protect what you have for the people you love the most. Contact us to learn more about how we can help you and your family.
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