My father in law gave his oldest daughter the power to handle his investments when he can't make that decision anymore. He wants me to handle his checking and saving accounts. He's putting me as poa of that. If she is making bad decisions on his investments can I override her?
It is unfortunate though that sibling relations often prevent cooperation from happening, and it's certainly not the fault of the primary caregiver.
I think the other question is how the two of you get along and whether you could work side by side if necessary when the investment issues and checking & saving account issues might overlap.
There's another possibility and that's that he just wanted to involved both of you; perhaps he didn't want either of you to feel left out. I think the best thing to do is ask him what his thoughts were when he did this.
There could a conflict though if the DPOAs weren't properly drafted and were those downloadable forms. This kind of specific authority designation needs to be handled properly by an attorney so there's no conflict on down the line.
When my Mom was admitted to rehab last year they said they had to adhere to the first name listed, which was my sister..
What a shock for her.. I have been Mom's caregiver for over 14 yrs. My sister rarely visits and has no clue what goes on with my Mom medically or financially..
My sister was happy to step a side and let me make decisions god forbid she takes on that responsibility!!
Did your father in law do that or did he write up a new POA in which his daughter was the main POA and you are second in line if she is not able to do the job? What does the POA document actually say?
If you have a shared POA, then that is a mess. I hope you and his daughter have a good relationship?
Because, what I read on here, as well as my own family, is that other person, could have saved the sisterhood from being destroyed.
Regardless, remember, if whomever is not making the best of decisions remember as brothers and sisters, of course we will not have the same way of doing things.
Why he did this I do not know.
I thought or I know in our state you should or it is likely that we can have as many POA's as possible but it would be a big MESS.
REGARDLESS, JUST REMEMBER BEING A POA IS NOT AS EASY AS ONE THINKS.
Good luck.'''''