CoolChange
Full time employment: Posting here.
- Joined
- Apr 11, 2006
- Messages
- 969
My elderly mother would like to do anything possible to avoid a nursing home or any other kind of assisted group living. She continues to live alone in the same small house, in the same small town, where she has spent the last 50+ years.
While she is also not thrilled about the idea of someone helping her in her own home, she is finally realizing that she does need some help with the daily chores of living. Currently this is just normal domestic things like laundry, cleaning, shopping, etc. She is still mentally sharp enough to manage her own medications and finances. Her body is just falling apart with age and wear.
We were looking at a home care agency for this kind of help. But, now my mother wants to just direct pay someone who she already knows to come in a few hours a week instead of going through an agency.
At this point, I am mostly concerned about my own liability. Here is some additional background that might be relevant:
I do hope that I am worry about nothing; but, risk management was a large part of my career. In that life, I would have had a team of MBA’s and lawyers to review and advise. Now, I am begging for your collective wisdom.
Thank you for reading through this; any insights will be appreciated.
While she is also not thrilled about the idea of someone helping her in her own home, she is finally realizing that she does need some help with the daily chores of living. Currently this is just normal domestic things like laundry, cleaning, shopping, etc. She is still mentally sharp enough to manage her own medications and finances. Her body is just falling apart with age and wear.
We were looking at a home care agency for this kind of help. But, now my mother wants to just direct pay someone who she already knows to come in a few hours a week instead of going through an agency.
At this point, I am mostly concerned about my own liability. Here is some additional background that might be relevant:
- My mother put my name on her house title when I was a teenager.
- I am in the process of getting all PoA’s in place for managing her health and finances if she is no longer able.
- Mom’s entire net worth is less than $150K. She would be emotionally devastated if she lost this; but, the reality is I could support her current standard of living with little to no impact on my own.
- My net worth is currently hovering around the $3MM mark. While I do not advertise this, it would be easy for a talented lawyer to figure out that I likely have a relatively high net worth. This is what I need to protect.
I do hope that I am worry about nothing; but, risk management was a large part of my career. In that life, I would have had a team of MBA’s and lawyers to review and advise. Now, I am begging for your collective wisdom.
Thank you for reading through this; any insights will be appreciated.