Navigating your new role as a caregiver

If you suddenly find yourself thrust into a new role caring for a loved one, you are probably wondering how in the world you will navigate these waters. If your new role came on unexpectedly or you were unprepared for this event, it can quickly become overwhelming.

The role of a Caregiver is fraught with uncertainty, worry, stress, and potentially financial hardship. Stepping into this role can be an emotional strain since you may see your loved ones unable to care for themselves for the first time in their life. But caregiving is also a physical strain. Undoubtedly, the role of a caregiver is challenging, even under the best circumstances. 

More than 48 million Americans serve as family caregivers. But unfortunately, most of those Americans are unaware of the available resources. They have no idea how to overcome the caregiving obstacles they face. 

Community resources and other organizations exist to offer help to those caring for loved ones in our communities. Many resources are also available online. 

Recently the Credit for Caring Act bill was introduced to the House of Representatives and U.S. Senate. The bill would give a $5,000 tax credit to working family Caregivers to help offset the costs associated with caring for a loved one. 

There are other ways to offset the financial and emotional strains that come with the role of caregiving. Compensation through the use of Personal Services Contracts is one way to offset the financial burdens associated with stepping into this role. Only an Elder Law or Estate Planning attorney should advise you on this agreement and if it would be helpful or harmful in your unique circumstances. Suppose the person you are providing care for is a Veteran. In that case, an attorney specializing in this work can also advise you whether or not there are resources to help cover the cost of your services. 

If you are new to a caregiving role, exhaust all of the available resources. Don’t try to carry the weight of being a primary caregiver all on your own. 

We specialize in educating and helping you protect what you have for the people you love the most. Contact us to learn more about how we can help.