I have been taking care of mom/dad's finances/bill pay for the last two years now. I have been added as a check signer so no issues with the bank, but I the Visa and a few others want POA on file in order to speak with me about the bill. Mom/Dad are 88 (suffered stroke recently)/89 (vascular dementia started) and both still competent enough and willing to give me the rights to help. All siblings are aware and on the same page.
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In your case, you want to make sure your POA has durability language (i.e., a durable POA), since there will be a time when neither parent can make decisions on their own behalf and you don't want to be stuck with a worthless document.
Depending on your state, a "statutory POA" may be available (and there's usually a section regarding durability), or you may wish to consult with an elder law attorney to draft a POA for each of your parents and make sure the remainder of their estate plan is in order.
Best of luck...