My sister kicked my father out and I took over his finances. I need to know what is fair for me to take! He has dementia and I’m stuck here with him making meals, can’t go anywhere due to him needing care 24/7. My sisters are being awful and think $600 a month covers everything. I want a fair caregivers salary and rent.
I doubt anyone will go along with that. Homes are cheaper. It may be the time to start looking into them.
BUT you can not work 24/7 so you can not "charge" for 24 hour work days.
Hire a caregiver for part of that time..
As to the rent.
Take all the household expenses and divide that by the number of people living in the house. That is what you could "charge" him. (household expenses would be mortgage, gas, electric, cable, phone, food, homeowners insurance....)
Check the IRS for what you can charge him per mile when you take him to the doctor.
Is the plan for you to provide total care for him so that his $300K will be preserved and eventually be divided amongst his children when he dies? It sounds like that is the plan that your siblings have.
What do YOU think? Do your siblings get to live their lives while you take fulltime care of your father? Did you give up a paying job to do this?
WHY did you do it? Do you have POA/HCPOA for your father?
Better meet with an elder attorney (use your father's money) to see how you can be legally paid and preserve your father's ability to qualify for Medicaid if need be.
That's not how this works and it could be considered elder abuse.
You took over his finances? As what? Are you a POA? Is he suffering from dementia? Who is paying you "anything" for this care.
You need to see an elder law attorney. The next kick out may require medicaid care and if the senior's money is being spent by you two as you deem fitting, then that will be consider gifting.
You need legal advice. Please see an attorney (elder law).