She's 93, on medicare and medicaid, receives $1,000/mo from Soc. Sec., is wheelchair bound, has beginnings of dementia, and otherwise in very good health. I do have home health come M-F for three hours a day. Just need to know what's reasonable. Thank you!
Obviously, if you are the only caregiver, she lives with you, siblings don't mind, nobody is fighting you about it, she's not looking to qualify for Medicaid down the road, and that is all she has coming in, then I'd be thinking it would be ok for you to just take it now as later. You feel that way too, or you wouldn't be asking, right? I shouldn't think anyone would have any objections. You're not going to be millionaires on an extra $500/month. As time goes by, her expenses will mount, and her income will not change much, so I would recommend saving as much of that as I could, though. This journey could take YEARS, and her needs will change.
The question I have is, how is your mother's aide paid? Do you have any out of pocket expense with that? How about medical and pharmaceutical co-payments and those other things like OTC medicine, incontinence pads, clothing, etc. You could take the entire $1,000/month, but then would she have money for those expenses or would you be paying them? Would your siblings be okay with your taking more money per month or would they see it as an advance on your inheritance? Do they contribute to the care either hands on or financial?