Anybody have more than one DPOA agent? I currently have DW as my agent and my daughter as a backup who's power only comes into play if DW is deemed incapacitated by a doctor.
I'd like to add my son as either:
1) Joint with DW (ie they both have to agree and sign off on things) or
2) A 2nd POA agent that can act independently of DW. Our daughter would be taken off.
We're in the process of updating all of our estate plans. I can see a point down the road where both DW and I are older (but still competent) but just don't want to mess with our finances anymore. We've talked to our son about someday taking over our finances. So, what's the best way to go about this legally. For this discussion, let's assume we will NOT be using a Trust.
I'd like to add my son as either:
1) Joint with DW (ie they both have to agree and sign off on things) or
2) A 2nd POA agent that can act independently of DW. Our daughter would be taken off.
We're in the process of updating all of our estate plans. I can see a point down the road where both DW and I are older (but still competent) but just don't want to mess with our finances anymore. We've talked to our son about someday taking over our finances. So, what's the best way to go about this legally. For this discussion, let's assume we will NOT be using a Trust.