Since a senior's income might be $2000 per month and they have bills to pay, a live-in caregiver might be paid $700 per month. I have taken as little as $600/mo and no more than $1200. Although I have heard of people in affluent areas making $4000/mo. If you need 24/7, your best bet is to hire a live-in.
Although the IRS's statute of limitations for an audit is three years, tax experts recommend that you retain all tax records for seven years in the event that there are questions about the deceased person's final return.In addition, each state has its own requirements.hich Records to Keep. Additional records besides the deceased's final tax return need to be retained. A quick list of items to keep 1  : Paper copies of pay stubs, insurance policy statements, credit card statements, bank and investment statements and receipts that aren't tied to deductions can be shredded after one year.
I would advise you to keep records and tax returns for the years that include out-of-the-ordinary transactions (sales or donations of property), and income from activities such as stock option exercises, trust income, etc., for six years after the filing date of the return. find that in the case of tax returns, many people are afraid to discard them or confused as to how long they should keep them. The result is that they keep them all. One client told me he kept every tax return he filed going back over 30 years! Keeping all of your financial papers that long is not a good strategy.