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[quote=Anonymous][quote=Anonymous]My 77-80 year old in laws just updated their wills for the first time in 35 years and made end of life arrangements. They told their son (DH) that he would be POA for financial decisions and that their daughter would be Medical POA. Sounds about right, bc she lives there and is more involved, but does not make the most financially sound decisions.

So DH and the kids met them for dinner this past weekend midway between our homes, and upon leaving the restaurant my MIL hands DH the envelope with the wills and made an off hand mention that he and his sister are joint decision makers on everything as per the lawyer's recs. DH was caught off guard and said OK, and left. We reviewed the wills at home and they are co-executors as well as co-POA for any financial decisions, SIL has sole medical POA.

While the inlaws have very little estate, basically just the house, and I am guessing even that the house equity/money from sale would be spent on end of life care, I feel this sort of designation promotes more arguments and strife between the siblings. Is this something that is done now, for "fairness"? Did they get poor legal advice? Is my thinking out of line with what is commonly recommended? In the end what's done is done, but I am just curious for my own knowledge. TIA.[/quote]

OP, what is your concern about this setup? Are you worried that decision making will be more complicated with two people involved?

Why do you think that there will be more arguments and strife when they have equal say in decisions? Couldn’t it be worse if one person makes decisions and the other person’s opinion is not considered?
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