Hi,
My Mum would like both healthcare and finance POA set up (as a precautionary measure), and for my brother and I to be her attorneys.
I understand that the decisions will either need to be made 'jointly', 'jointly & severally', or 'jointly for some decisions, and jointly and severally for others'.
My brother and I get on well & tend to agree on most things; I know the 'jointly and severally' option is the most common choice due to its flexibility & practicality.
My question is: with 'jointly & severally', if one of us made a big decision eg selling her home, and the other disagreed with this, does it mean the one who disagreed cannot contest this decision?
We're tempted by the 'jointly for some, jointly & severally for others' option, and listing the decisions that would have to be made together...but the downside is that if my brother or I died or refused to make the decision, then the POA stops working.
Interested to hear anyones thoughts.
Thanks 😊