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Who's names are printed on the checks? Mine and moms were printed on the checks, so only I signed my own name on it.
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Three POAs? Who is the primary for financial? Three POAs seems really hard to manage.
I have a credit card on one of Dad's accounts - since I'm the co-owner of the account with him since he can no longer made financial decisions. I use the CC to pay the care home.
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This needs to be discussed with the bank.
Three POAs all equal is going to be impossible to manage financially. There must be one POA responsible to be on checks, to be bill payer and to keep records and be on the account.

People think that POAs pulled offline are adequate. When they get into the banks they will find out that generally they are not. The reason for this is that they are often only signed by a notary. A notary means nothing but that a signature was witnessed. The person could be entirely senile. Banks are very protective of the accounts.

If you are this lacking in information about POA it is time for ALL THREE of you to get to an Attorney. This is a legal financial fiduciary duty and it is held legally to a VERY HIGH standard. There is no ignorance pleading before a court, so you need, quite honestly to understand everything about what a POA is, and how to manage it and keep records.

The bank's financial manager can be of good guidance to you as well.
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Three, wow and why? I personally would go the bank and have my name added to the account and be the cosigner or signer.

This is going to be interesting with 3 POA's,
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Geaton777 Feb 5, 2024
PoA's have to do this anyway. Been there, done that with 3 different banks. All 3 of those PoAs will need to do this.
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Ouch THREE POAs? For EVERYTHING? And they are all concurrent, not successive - I'm assuming based on what you have said.

Others have given you good advice regarding how to manage the financials - although messy I suppose if you get everything organized and strictly aligned that part can be managed.

From the "everything else" standpoint - does your MIL have a living will? Hopefully so. Because here is the reason most people have ONE POA. That person is selected to make choices - THE WAY THE PERSON WOULD DO SO - in the event that they aren't able to make those decisions for themselves. One person making choices. One single point of contact.

When you have more than one- the risk is increased that those people will disagree. Even in the happiest, most content, agreeable families - people disagree. Often on critical, important decisions that consensus is REQUIRED.

I'm am assuming that your MIL is of the belief that all three POAs will be in agreement on everything and never run into any issues during which they will argue or not be able to come to an agreement. This is a dangerous game to plan if HER expectations and requirements are not already documented. (Examples include DNR, No heroic measures, no food or water to prolong life, no machines, etc)

What happens if one wants to do one thing and the other two don't? OR if all three have a different plan?

Crossing my fingers that this works out well.
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MeDolly Feb 5, 2024
Blue, good points. I cannot imagine an attorney thinking this was a good idea, but stranger things have happened.

Keeping my fingers crossed as well, however, I think that Stacie will be back again when the real fun starts.
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Take out the PoA document and read it. What it says about signing checks or authorizing payments/purchases (ie, does it require all 3 sigs? 2? Maybe only 1? Under certain circumstances?).

If it isn't outlined in the document (or not clear enough) then you should take it to an elder law attorney and consult about a best methodology. then do what is recommended.
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