Quote:
Originally Posted by Lea N
I had a friend a long time ago that did this for their spouse and it worked for them. The caregiver gets paid for taking care of their loved one at home, cooking, cleaning, dressing, bathing, medication management, travel to doctors, grocery shopping, etc. Since taxes aren't taken out of their income they would have to talk with a CPA ahead of time.
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Interesting, but I don't understand the merit of this. If the caretaker is a spouse they usually have joint ownership of assets. Is this intended as a means to spend down? Or is there some other reason to pay the spouse?