What is a fair price to charge for my mother living in my home?
I have been granted Guardianship of my mother who suffers from Dementia. She attends Daycare Monday - Friday for 7 hours. I am unsure what I should charge her for living in our home. I have to file all expenditures with the court, so I want to be fair.
Expert Answer
It is hard to put a price on what is priceless. How I wish more daughters would approach this subject in such a precise way. So many elders end up in institutions prematurely because we are unable to deal with this question, What is a fair charge for in home care of our own mother? It is okay to ask. The following questions should help you come up with the right price.
First, consider what she can afford. If you have siblings, communicate precisely with them.. Do your research. What is the price for adult foster care. What is the price for assisted living with dementa care? What is the cost for 24 hour care for your mother in her own home?
In addition to adult day care, you will also need some respite care on week-ends. Another important question: How well does your mother sleep? Will you have to be up during the night?
Contact the National Family Caregiver's Alliance. They have statistics about the cost of what family contributes to the care of frail family members. And finally, what income are you losing as a result of caring for your mother?