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Join Date: Nov 2000
Location: Atlanta, Ga
Posts: 9,737
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Running parents household/finances. get paid?
hey guys. last year we got my parents trust set up and I have financial power of attorney over them. They still live by themselves but I basically run their entire household as it were my own. Whatever comes up.. paying their utilities, landscape, taxes, banking needs, emails, disputes with credit cards, etc.. you name it. It is actually a great deal of work sometimes and then sometimes I don't do anything for a week or two. (the initial majority of the time was spent setting all of their accounts up on autopay, etc..)
My parents INSIST that they pay me out of the trust to do this. I INSIST on not getting paid. I do have a brother and sister who do NOTHING, so they feel like i deserve an extra stipend so to speak.
How much do you think this is worth? they suggested $10K yearly at a minimum. Not sure how I feel about that as I'm glad to do it for them, but I understand their point. My siblings reap the rewards of my work! I dont want any bad blood between them either. Everybody gets a long great, I just have more free time then them and am much more tech savvy..
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Marc
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